Economics > 2021 > 19
WASSCE
A firm incurred the following costs in production. Use the information in the table to answer questions below
| Output(bags of rice) | 0 | 10 | 20 | 30 | 40 | 50 | 60 |
| Total cost$ | 100 | 200 | 300 | 380 | 440 | 520 | 600 |
The fixed cost of production is
A.
$100
B.
$200
C.
$300
D.
$600
Answer: A
To see detailed solution to this question and thousands of other questions offline, download TestDriller SSCE. Practice rigorously for WASSCE, enjoy educational games, get chief examiners' reports, summary of WAEC literature books, compete with your peers, win prizes and more.
09037778195