passpadi

2008

Economics

POST UTME

Given that fixed cost is N500.00, Variable cost is N1,500.00 and output is 40 units, what will be the average cost of producing one units?

A.

N12.50.00

B.

N50.00

C.

N37.50

D.

N500.00

Correct Answer: N50.00

Explanation

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