Utme 2017 Economics Question 11

Practice objective / multiple choice question 11 from the 2017 Utme Economics examination. This question covers Cost Analysis .

Utme 2017 Economics Objective / Multiple Choice 2 Difficulty
Topic: Cost Analysis
Question 11 UTME • 2017 • ECONOMICS • objective

Given that the total cost is ₦1,000, total variable cost is ₦250 and output is 100 units. Find the average total cost of producing one unit

Answer Options

A. ₦45
Correct Answer B. ₦35
C. ₦30
D. ₦60
Correct Answer
B
Correct Option:
₦35

About This Question

This is Utme 2017 Economics Question 11. It is one of the objective questions from the 2017 Utme Economics examination.

The question covers Cost Analysis .

Difficulty level: 2 .

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