Economics JAMB

What will be the unit cost of the goods?

In a small scale business, the fixed cost is N5,000, variable cost is N15,000 and the output is 500 units. What will be the unit cost of the goods?

A. N400.00
B. N80.00
C. N40.00
D. N20.00

Correct Answer:

Option C – N40.00

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