Post Utme Covenant University 2017 Commerce Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2017 Commerce Objective / Multiple Choice
Question 9 POST_UTME_COVENANT_UNIVERSITY • 2017 • COMMERCE • objective

A firm's cost of production includes both fixed and variable costs. If a firm's fixed costs are ₦10,000 and its variable costs are ₦5 per unit, what is its total cost of production if it produces 1,000 units?

Answer Options

A. ₦15,000
B. ₦20,000
C. ₦25,000
Correct Answer D. ₦30,000
Correct Answer
D
Correct Option:
₦30,000

About This Question

This is Post Utme Covenant University 2017 Commerce Question 9. It is one of the objective questions from the 2017 Post Utme Covenant University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support