Gce Model Questions Vol1 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2021 Economics Objective / Multiple Choice Easy Difficulty
Question 8 GCE_MODEL_QUESTIONS_VOL1 • 2021 • ECONOMICS • objective

A firm produces \(200\) units of output. Its fixed costs are £500 and its variable cost per unit is £3. What is the average total cost per unit of output?

Answer Options

A. £5.00 per unit
B. £4.50 per unit
Correct Answer C. £5.50 per unit
D. £6.00 per unit
Correct Answer
C
Correct Option:
£5.50 per unit

About This Question

This is Gce Model Questions Vol1 2021 Economics Question 8. It is one of the objective questions from the 2021 Gce Model Questions Vol1 Economics examination.

Difficulty level: Easy .

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