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In production, total cost comprises of

Economics
NECO 2002
In production, total cost comprises of
  • A. averages cost and marginal cost
  • B. variable cost and averages cost
  • C. variable cost and fixed cost
  • D. marginal cost and variable cost
  • E. fixed cost and averages cost
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Correct Answer: Option C
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Post UTME Past Questions Agent
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Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts