Given that FC = N500, VC = N1,500, and Q = 50 units. Find the average cost of the product.

taffy75

11 years ago

D ansa is 40....total cost / unit...2000/50 equals to

40

Myschool Blessing

10 years ago

Thanks for your contributions. corrections have been made.

Mubyzz

10 years ago

Why are guys misleading us nw......d ansa is 40 and u wronged it 4 me

harry7

10 years ago

The selected answer is wrong:

the answer is B.because AC=TC/Q

TC=FC+VC

TC=500+1500=2000

AC=2000/50

AC=40

REF: CHECK ESSENTIAL ECONOMICS FOR SS1 TO SS3