Post Utme Futa 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Futa Economics examination.

Post Utme Futa 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_FUTA • 2021 • ECONOMICS • objective

A firm is considering two production processes: one that \costs ₦1000 per unit and another that \costs ₦1200 per unit. If the firm produces 1000 units, which process should it choose if it wants to minimize its total \cost?

Answer Options

Correct Answer A. Process 1
B. Process 2
C. It doesn't matter
D. More information is needed
Correct Answer
A
Correct Option:
Process 1

About This Question

This is Post Utme Futa 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Futa Economics examination.

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