ECONOMICS

JAMB 2020 - Question 17

Economics 2020 JAMB Past Questions - Question 17: Given that the total fixed cost is N1,000, total variable cost, N2,500 and the output, 100 units , find the average total cost of producing one unit

Choose the most appropriate option for the gap .
Given that the total fixed cost is N1,000, total variable cost, N2,500 and the output, 100 units , find the average total cost of producing one unit
A:
B:
C:
D:
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Correct Answer

C

Explanation