In a small scale business, the fixed cost is N5,000, vari...
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?
N400.00
N80.00
N40.00
N20.00
Correct answer is C
The unit cost of production is gotten by dividing the total cost by the output.
If an increase in earning leads to more of a commodity being demanded, the good is said to have ...
Which of the following is not done by the NNPC? ...
An increase in the circulation of money without a corresponding increase in output will lead to ...
A utility maximizing household will allocate its expenditure so that ...
Which of the following will NOT bring about an increase in Labour force? ...
As a factor of production, the reward for land is? ...