Given that the total fixed cost is N1,000, total variable cost N2,500 and the output,…

Economics JAMB 1999

Given that the total fixed cost is N1,000, total variable cost N2,500 and the output, 100 unit.
Find the average total cost of producing one units?

  • N 60
  • N 45
  • N 35 checkmark
  • N 30

The correct answer is: C

Explanation

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