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\(\begin{array}{c|c} \text{Out put produced per day (Units)} \text{Fixed cost per day ...

\(\begin{array}{c|c} \text{Out put produced per day (Units)} & \text{Fixed cost per day (N)} & \text{Total cost per day (N)} \\ \hline 20 & 60 & 100 \\ \hline 30 & 60 & 120 \\ \hline 40 & 60 & 130 \\ \hline 50 & 60 & 135 \\ \hline 60 & 60 & 150 \\ \hline 70 & 60 & 170 \\ \hline 80 & 60 & 190\end{array}\)
At 60 units of output, the AVC is
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  • A ₦2.50
  • B ₦1.50
  • C ₦90.00
  • D ₦150.00
Correct Answer: Option B
Explanation:

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