In a small scale business, the fixed cost is N5,000, variable cost is N15,000 an...
Question
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?Options
A)
N400.00
B)
N80.00
C)
N40.00
D)
N20.00
Related Lesson: Key Concepts and Summary | Cost and Industry Structure
The correct answer is C.
More Past Questions:
Discussion
Other Subjects
- English Language
- Biology
- Mathematics
- Government
- Physics
- Chemistry
- Christian Religious Knowledge
- Commerce
- Geography
- Literature In English
- Accounts
- Agricultural Science
- General Paper
- Islamic Religious Knowledge
- History
- Further Mathematics
- Current Affairs
- Civic Education
- Math
- Reading
- Writing and Language
- Computer Studies
- French
- Home Economics
- Hausa
- Yoruba
- Igbo
- Fine Arts