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Average fixed cost is

Economics
JAMB 1987
Average fixed cost is
  • A. Average total cost less the sum of average variable cost
  • B. Half the sum of all costs
  • C. Total fixed cost divided by the level of output
  • D. Total fixed cost plus marginal cost
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Correct Answer: Option C
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent