If the fixed cost of a firm is 800 00 Naira and... - WAEC Economics 2006 Question
If the fixed cost of a firm is 800.00 Naira and it's variable cost is 2,700 Naira while it's total output is 100 units, what is the average cost of the firm?
A
25 Naira
B
35 Naira
C
45 Naira
D
50 Naira
correct option: b
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