Post Utme Futo 2022 Economics Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Futo Economics examination.

Post Utme Futo 2022 Economics Objective / Multiple Choice
Question 29 POST_UTME_FUTO • 2022 • ECONOMICS • objective

A firm is considering two different production processes. Process A has a fixed \cost of ₦100,000 and a variable \cost of ₦50 per unit. Process B has a fixed \cost of ₦150,000 and a variable \cost of ₦30 per unit. If the firm produces 1,000 units, which process will result in lower total \cost?

Answer Options

Correct Answer A. Process A
B. Process B
C. Both processes have the same total \cost
D. Neither process has a lower total \cost
Correct Answer
A
Correct Option:
Process A

About This Question

This is Post Utme Futo 2022 Economics Question 29. It is one of the objective questions from the 2022 Post Utme Futo Economics examination.

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