If the fixed cost of a firm is 800.00 Naira and it's variable cost is...
ECONOMICS
WAEC 2006
If the fixed cost of a firm is 800.00 Naira and it's variable cost is 2,700 Naira while it's total output is 100 units, what is the average cost of the firm?
- A. 25 Naira
- B. 35 Naira
- C. 45 Naira
- D. 50 Naira
Correct Answer: B. 35 Naira
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