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    1-Dec-20 IB Business Management Worksheet - Costs Revenues

    Uploaded by

    Vikhyat Agarwal

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    1-Dec-20 IB Business Management Worksheet - Costs Revenues

    Uploaded by

    Vikhyat Agarwal
    172 views2 pages

    Copyright

    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    172 views2 pages

    1-Dec-20 IB Business Management Worksheet - Costs Revenues

    Uploaded by

    Vikhyat Agarwal

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Worksheet - costs & revenues

    Worksheet - costs and revenues


    The table below shows some changes in costs and revenue as output changes.

    1. Complete the table below by filling in the gaps. (4 marks)

    Costs & Revenues ($)

    Output level
    Sales revenue Fixed costs Variable costs Total costs Profit

    0 0

    2 500

    3 900

    5 1,500

    6 1,200

    2. Identify the total fixed costs. (1 mark)


    3. Calculate the selling price of the product. (2 marks)

    4. Calculate the average variable cost. (2 marks)

    Download the Worksheet - costs & revenues in PDF format.

    Check your work by checking the answers here.

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