Post Utme Abu 2017 Economics Question 33
Practice objective / multiple choice question 33 from the 2017 Post Utme Abu Economics examination.
A firm is considering two different production processes for producing a product. The first process has a fixed \cost of ₦100,000 and a variable \cost of ₦50 per unit. The second process has a fixed \cost of ₦150,000 and a variable \cost of ₦30 per unit. If the firm produces 10,000 units of the product, which process should it use?
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About This Question
This is Post Utme Abu 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.
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