Question 17

which of the following is the correct way to calculate total cost?

  • A.Addition of fixed cost to variable cost
  • B.Division of total cost by total output
  • C.Multiplication of fixed cost by the variable cost
  • D.Subtraction of fixed cost from total cost
  • E.Addition of marginal cost to average cost
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1993
Question no.
#17
Type
Objective

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