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Paper 3 edexcel 2023 gas prices question

In the 12 mark question about impact of increasing gas prices on firms that use gas in production process, do you think we would also be credited for saying that an increase in gas prices would lead to a rise in fixed rather than variable costs (shift in AC only rather than in AC and MC), and fall in profitability as a consequence? Because some of my classmates said that utilities and gas are variable costs, while myself and a couple of others said that they are fixed. Do you think that both could be considered as right answers, because both would have the same impact - fall in profitability (SNP)?
(edited 10 months ago)

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