Free account: track your progress — Sign up free

WAEC Economics 2021 Objective — Question 20

Question 20 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.

20. The average cost of producing 40 bags of rice is

Diagram for question 20

A. $10.
B. $11.Correct
C. $60.
D. $80.

Explanation

Average cost = Total cost ÷ Total output = 440/40 = $11.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2021 Objective More Economics past papers