| Output (bags of rice |
0 | 10 | 20 | 30 | 40 | 50 | 60 |
| Total Cost ($) | 100 | 200 | 300 | 380 | 440 | 520 | 600 |
The fixed cost of production is___________
$100
$200
$300
$600
Correct answer is A
No explanation has been provided for this answer.
A bank note is said to be a legal tender because it is ...
The short-run average variable cost of a firm will rise owing to ...
The Economic Commission for Africa was set up by the ...
The main objective of production by entrepreneur is to ...
Determine the average product of the 4th unit of capital ...
A firm is at its optimum size when __________ ...
If Nigeria imports vehicles from Japan the transaction will appear as a ...