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 | May 24 | Economics WAEC | 0 comments

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

Correct Answer: Option B

B. 35 Naira

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