Post Utme Al Hikmah University 2022 Geography Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Al Hikmah University Geography examination.

Post Utme Al Hikmah University 2022 Geography Objective / Multiple Choice
Question 14 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • GEOGRAPHY • objective

A company is considering two different production methods for a new product. Method A has a higher initial investment but lower ongoing costs, while Method B has a lower initial investment but higher ongoing costs. What is the likely effect of the company's decision on the product's price?

Answer Options

Correct Answer A. The product's price will increase.
B. The product's price will decrease.
C. The product's price will remain unchanged.
D. The product's price will be unaffected.
Correct Answer
A
Correct Option:
The product's price will increase.

About This Question

This is Post Utme Al Hikmah University 2022 Geography Question 14. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Geography examination.

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