In a small scale business the fixed cost is N5 ... - JAMB Economics 2000 Question
In a small scale business, the fixed cost is N5,000, variable cost is N15,000 and the output is 500 units. What will be the unit cost of the goods?
A
N400.00
B
N80.00
C
N40.00
D
N20.00
correct option: c
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