Question 19

If a firm's price is less than average cost but more than part of variable cost, the firm is covering

  • A.all of its fixed cost and variable cost
  • B.all of its fixed cost and part of variable cost
  • C.all of its variable cost and part of fixed cost
  • D.part of its fixed cost and part of varible cost
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2012
Question no.
#19
Type
Objective

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