Paper 3 question on revenue and costs
IB Economics Paper 3 includes two compulsory questions. This is a sample Paper 3 question. The time allowed for Paper 3 is 105 minutes, so students should spend 52.5 minutes on each question. This Paper 3 style question is on revenue and costs. A firm has the following costs and revenue, all costs are in thousands of $s. (a) Complete the following table by filling in the missing blanks [2 marks] Output (units) TR TC...