Question 60

Let Q= Total output of yam (in kilogram) Ac= Average cost of production, TVC = Total variable cost of production, TFC = Total fixed cost of Production, Tc Total cost of production, then average cost can be defined in symbols as:

  • A.AC=TFC/Q
  • B.AC=TF+TVC
  • C.AC=TC×Q
  • D.AC=TVC/Q
Objective

Question details

Exam body
UNIBEN
Subject
General Paper
Year
2006/2007
Question no.
#60
Type
Objective

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