Post Utme Al Hikmah University 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2024 Economics Objective / Multiple Choice
Question 13 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is considering the production of a new product. The firm has a fixed \cost of ₦200,000 and a variable \cost of ₦15 per unit. If the firm produces 30,000 units of the product, what is the total \cost of production?

Answer Options

A. ₦450,000
B. ₦600,000
Correct Answer C. ₦750,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦750,000

About This Question

This is Post Utme Al Hikmah University 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Economics examination.

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