Question 19
In a small scale business, the fixed cost is N5,000.00, variable cost is N15,000.00 and the output is 500 units. What will be unit cost on the goods?
Objective
Question details
- Exam body
- UNIZIK
- Subject
- Economics
- Year
- 2009/2010 Day 1
- Question no.
- #19
- Type
- Objective
More from this paper
- Q13Who among the following will benefit from inflation?
- Q14Which of the following is a function of the central Bank of Nigeria?
- Q15a central argument of cardinal utility is that utility is
- Q16In a capitalist economy, the economic problem of what goods to produce is…
- Q17Which of the following is an example of derived demand?
- Q21In a free market system, trading can only take place when