Post Utme Elizade University 2020 Commerce Question 37
Practice objective / multiple choice question 37 from the 2020 Post Utme Elizade University Commerce examination.
A firm is considering two different production processes for a new product. Process A has a fixed cost of ₦10,000 and a variable cost of ₦50 per unit. Process B has a fixed cost of ₦20,000 and a variable cost of ₦30 per unit. If the selling price of the product is ₦100 per unit, and the firm expects to sell 1,000 units, which process should the firm choose?
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About This Question
This is Post Utme Elizade University 2020 Commerce Question 37. It is one of the objective questions from the 2020 Post Utme Elizade University Commerce examination.
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