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?
- A. N 60
- B. N 45
- C. N 35
- D. N 30
Correct Answer: C. N 35
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