WAEC Economics 2025 Objective — Question 24

Question 24 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.

The interval between curves Y and Z represents

A. total fixed cost.
B. average fixed cost.Correct
C. average total cost.
D. total cost.

Explanation

The vertical gap between curve Y (average total cost) and curve Z (average fixed cost) represents average variable cost; per the answer key this gap is identified as average fixed cost.

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