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?

Assessment: WAEC SSCE - Economics - 1989 (Objective) Subject: Economics

Question 1 Report

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?

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