Waec 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Waec Economics examination.

Waec 2021 Economics Objective / Multiple Choice 2 Difficulty
Question 19 WAEC • 2021 • ECONOMICS • objective
TABLE - T1
A firm incurred the following costs in production. Use the information in the table to answer questions 19 and 20. \begin{tabular}[t]{|l|l|l|l|l|l|l|l|} \hline Output (bags of rice) & 0 & 10 & 20 & 30 & 40 & 50 & 60 \\ \hline Total Cost (\$) & 100 & 200 & 300 & 380 & 440 & 520 & 600 \\ \hline \end{tabular}

The fixed cost of production is

Answer Options

Correct Answer A. $100.
B. $200.
C. $300.
D. $600.
Correct Answer
A
Correct Option:
$100.

About This Question

This is Waec 2021 Economics Question 19. It is one of the objective questions from the 2021 Waec Economics examination.

Difficulty level: 2 .

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