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  9. Q14
Question 14

Given that fixed cost is N500.00, variable cost N1,500.00 and output is 50 units, what will be the average cost of producing one unit?

  • A.N2,000.00
  • B.N60.00
  • C.N50.00
  • D.N40.00
  • E.N30.00
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1989
Question no.
#14
Type
Objective
Previous · Q13Mobility of labour is not affected by Next · Q15 Which of the following is regarded as fixed cost?

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