Question on: JAMB Economics - 1992
\(\begin{array}{c|c}
\text{Quantity of singlets} & \text{Short run total costs(N)} \\ 0 & 1,000 \\ 10 & 1,200 \\ 20 & 1,400 \\ 30 & 1,600 \\ 40 & 1,800 \\ \end{array}\)
The short run total costs for different levels of output for a firm producing singlets are shown above. Calculate the variable cost per unit at an output of 20.
\text{Quantity of singlets} & \text{Short run total costs(N)} \\ 0 & 1,000 \\ 10 & 1,200 \\ 20 & 1,400 \\ 30 & 1,600 \\ 40 & 1,800 \\ \end{array}\)
The short run total costs for different levels of output for a firm producing singlets are shown above. Calculate the variable cost per unit at an output of 20.
A
N1000
B
N400
C
N70
D
N20
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Correct Option: D
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