Suppose, for producing 250 tables, the total cost of production is R.O 8,750. Determine the average cost of production. a. R.O 42 b. R.O 53 c. R.O 24 d. R.O 35
Suppose, for producing 250 tables, the total cost of production is R.O 8,750. Determine the average cost of production. a. R.O 42 b. R.O 53 c. R.O 24 d. R.O 35
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 21PAE
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Question
Suppose, for producing 250 tables, the total cost of production is R.O 8,750. Determine the average cost of production.
a.
R.O 42
b.
R.O 53
c.
R.O 24
d.
R.O 35
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