Post Utme Unilorin 2020 Economics Question 26
Practice objective / multiple choice question 26 from the 2020 Post Utme Unilorin Economics examination.
A firm's average total \cost (ATC) curve is U-shaped, with the minimum point at an output of 100 units. If the firm's fixed \cost is ₦10,000 and its variable \cost is ₦50 per unit, what is the minimum average total \cost (ATC) at the output level of 100 units?
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About This Question
This is Post Utme Unilorin 2020 Economics Question 26. It is one of the objective questions from the 2020 Post Utme Unilorin Economics examination.
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