Given that fixed cost is N500 00 variable cost ... - WAEC Economics 1989 Question
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
correct option: d
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