Given that the total fixed cost is N1,000, total variable cost N2,500 and the output, 100 unit. Find the average total cost of producing one units? By: Sunday|Published on: Jul 31|Categories: Economics WAEC| 0 comments A. N 60 B. N 45 C. N 35 D. N 30 Correct Answer: Option C – N 35 Users Also Read These:Given the cost function C = 160 + 36Q; what is the…Dividing total variable cost by quantity of output gives?If TC, FC and VC represent total cost, fixed cost…If the average fixed cost (AFC) of producing 5 bags…The average total cost when 20 units are produced is?SEE ALSO Which of the following factors of production consists of man-made goods?