IGCSE costs, revenues and profit

Extension Activity:

Work out a firm's Total costs, Average costs, total revenue and profits for output between 0-8000 units given the following information ( all figures are per month):

Rent: $3000

Loan repayments $ 1000

raw material costs $1 per unit

Fuel costs $1 per unit

Labour costs $1 per unit

Selling Price $5 per unit 

And the next topic.... Economies of Scale

ANSWERS