Post Utme Greenfield University 2019 Commerce Question 3
Practice objective / multiple choice question 3 from the 2019 Post Utme Greenfield University Commerce examination.
A firm is considering two different production technologies: a traditional technology and a new technology. The traditional technology has a fixed cost of ₦100,000 and a variable cost of ₦50 per unit produced. The new technology has a fixed cost of ₦150,000 and a variable cost of ₦30 per unit produced. If the firm produces 10,000 units, which technology should it choose?
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About This Question
This is Post Utme Greenfield University 2019 Commerce Question 3. It is one of the objective questions from the 2019 Post Utme Greenfield University Commerce examination.
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