A firm's compulsory cost whether it is in production or not , is referred to...

Economics

WAEC 1993

A firm's compulsory cost whether it is in production or not , is referred to as its

A. prime cost
B. variable cost
C. marginal cost
D. fixed cost
E. average cost

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Correct Answer: Option D

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A firm's compulsory cost whether it is in production or not , is referred to...

Correct Answer: Option D

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