Post Utme Covenant University 2019 Commerce Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2019 Commerce Objective / Multiple Choice
Question 23 POST_UTME_COVENANT_UNIVERSITY • 2019 • COMMERCE • objective

A firm's cost of production includes both fixed and variable costs. If a firm has a fixed cost of 1000 and a variable cost of 5 per unit, and it produces 200 units, its total cost is

Answer Options

A. 1500
Correct Answer B. 2500
C. 3000
D. 4000
Correct Answer
B
Correct Option:
2500

About This Question

This is Post Utme Covenant University 2019 Commerce Question 23. It is one of the objective questions from the 2019 Post Utme Covenant University Commerce examination.

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