In a small scale business, the fixed cost is N5,000, variable cost is N15,000 and...
ECONOMICS
JAMB 2000
In a small scale business, the fixed cost is N5,000, variable cost is N15,000 and the output is 500 units. What will be the unit cost of the goods?
- A. N400.00
- B. N80.00
- C. N40.00
- D. N20.00
Correct Answer: C. N40.00
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