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?

By: |Published on: May 24|Categories: Economics WAEC| 0 comments

A. 25 Naira
B. 35 Naira
C. 45 Naira
D. 50 Naira

Correct Answer: Option B

B. 35 Naira

Users Also Read These:

SEE ALSO  The organization which provides credit to help countries achieve short-term balance in their balance of payment is the?

Copyright warnings! Do not copy.