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

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?

A. N2,000.00
B. N60.00
C. N50.00
D. N40.00
E. N30.00

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Correct Answer: Option D

Explanation

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

Correct Answer: Option D

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