Post Utme Coal City University 2024 Commerce Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2024 Commerce Objective / Multiple Choice
Question 9 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • COMMERCE • objective

A firm is considering two different production processes to produce a product. Process A requires an initial investment of 1000 and a variable cost of 10 per unit. Process B requires an initial investment of 500 and a variable cost of 15 per unit. If the firm produces 100 units, what is the total cost of production for each process?

Answer Options

Correct Answer A. Process A: 2000, Process B: 1750
B. Process A: 2500, Process B: 2000
C. Process A: 3000, Process B: 2250
D. Process A: 3500, Process B: 2500
Correct Answer
A
Correct Option:
Process A: 2000, Process B: 1750

About This Question

This is Post Utme Coal City University 2024 Commerce Question 9. It is one of the objective questions from the 2024 Post Utme Coal City University Commerce examination.

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