Average fixed cost is
...Average fixed cost is
Average total cost less the sum of average variable cost
Half the sum of all costs
Total fixed cost divided by the level of output
Total fixed cost plus marginal cost
Correct answer is C
No explanation has been provided for this answer.
Which of the following is the normal channel by which the commodities reach the final consumer? ...
The problems of conducting census include ...
A high rent on land will affect the cost of producing maize ...
One of the challenges facing the banking industry in Nigeria is ...
The amount of satisfaction per unit of the commodity consumed is called ...
The relationship between the tax rate and income which is relevant to progressive tax is shown ...
A large firm may experience diseconomies of scale if there is ...
By buying treasury bills, the Central Bank of Nigeria intends to ...
If a business' total economic cost of producing 10,000 units of a product is N750,000 and this o...