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.
The rate of increase in utility is ...
Demand for money for speculative purposes means? ...
Mono-products economics are those that ...
In Economics, want means…………aspiration ...
A firm is said to be a Public Joint-Stock Company when it ...
Which of the following is a public corporation? ...
The total amount of money in circulation includes cash ...
In the diagram above, profit is maximized at 1 the output level ...