Given that fixed cost is N500.00, variable cost N1,500.00 and output is 50 units, what…

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Economics WAEC 1989

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?

  • N2,000.00
  • N60.00
  • N50.00
  • N40.00 checkmark
  • N30.00

The correct answer is: D

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