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

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?
  • A. N2,000.00
  • B. N60.00
  • C. N50.00
  • D. N40.00
  • E. N30.00
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Correct Answer: Option D
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