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Question 18

Total cost is obtain by?

  • A.adding up the marginal cost at each level
  • B.dividing the total cost of output at each level
  • C.adding up the average variable cost at each level
  • D.adding up the total variable cost and total fixed cost
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2015
Question no.
#18
Type
Objective
Previous · Q17The law of diminishing marginal returns relate to? Next · Q19 By adding all the marginal products at each level of employment of the variable…

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