Given an output of 3 units, the average is

  • A N16.00
  • B N18.00
  • C 20.00
  • D 24.00
jamb 1993economics

The correct answer is B. N18.00

The average revenue for an output of 3 units is N18.00(N54/3).

This is found in the “Average Revenue in N” column corresponding to the “Output in Units” of 3. Therefore, the correct answer is B. N18.00.

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