Post Utme Redeemers University 2017 Economics Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 20 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦1000 and a total \cost of ₦800. If the firm's average revenue is ₦50, what is the firm's average \cost?

Answer Options

A. ₦40
Correct Answer B. ₦50
C. ₦60
D. ₦70
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Redeemers University 2017 Economics Question 20. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

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