Home » Economics » Given that fixed cost is N500.00, variable cost N1,500.00 and output is 50 units, what…Given that fixed cost is N500.00, variable cost N1,500.00 and output is 50 units, what… Given that fixed cost is N500.00, variable cost N1,500.00 and output is 50 units, what will be the average cost of producing one unit? A. N2,000.00 B. N60.00 C. N50.00 D. N40.00 E. N30.00 Correct Answer: Option D Explanation Related Posts The major contribution of the petroleum industry to the Nigerian economy is the A legal tender is any If in the short-run commodity X and commodity Y are supplied jointly, which of the… A student in Obu’pu Secondary School discovers that he simultaneously needs a pen, an exercise… which of the following is an important limiting factor in the application of division of… Agricultural backward-linkage effect means the establishment of
