ECONOMICS

JAMB 2014 - Question 20

Economics 2014 JAMB Past Questions - Question 20: Given that FC =#500, VC = #1 500, and Q=50 units. Find the average cost of the product.

Choose the most appropriate option for the gap .
Given that FC =#500, VC = #1 500, and Q=50 units. Find the average cost of the product.
A:
B:
C:
D:
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Correct Answer

B

Explanation