Post Utme Crawford University 2020 Commerce Question 3
Practice objective / multiple choice question 3 from the 2020 Post Utme Crawford University Commerce examination.
A firm is considering two different production processes. Process A has a fixed cost of ₦100 and a variable cost of ₦5 per unit of output. Process B has a fixed cost of ₦150 and a variable cost of ₦3 per unit of output. If the firm produces 20 units of output, which process should it use?
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About This Question
This is Post Utme Crawford University 2020 Commerce Question 3. It is one of the objective questions from the 2020 Post Utme Crawford University Commerce examination.
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