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Friday, 12 June 2026
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Average cost is

Average cost is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The total cost of production
  • B The extra cost of producing one additional unit of output
  • C Cost of producing a unit of output
  • D Variable cost
  • E Overhead cost
Correct Answer: Option C
Explanation:

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