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If A Firm's Price Is Less Than Average Cost But More Than Part Of Variable Cost, The Firm Is Covering? - Erudites Academy

If a firm’s price is less than average cost but more than part of variable cost, the firm is covering?

by | Nov 9 | Economics WAEC | 0 comments

A. all of its fixed cost and variable cost
B. all of its fixed cost and part of variable cost
C. all of its variable cost and part of fixed cost
D. part of its fixed cost and part of variable cost

Correct Answer: Option A

A. all of its fixed cost and variable cost

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