Post Utme Greenfield University 2020 Commerce Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2020 Commerce Objective / Multiple Choice
Question 19 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • COMMERCE • objective

A firm has two products, A and B, with production costs of ₦80 and ₦120 per unit, respectively. If the market price is ₦150 per unit, and the firm sells 100 units per day, what is the optimal production plan to maximize profit?

Answer Options

Correct Answer A. Produce 50 units from product A and 50 units from product B
B. Produce 100 units from product A
C. Produce 100 units from product B
D. Produce 0 units from product A and 100 units from product B
Correct Answer
A
Correct Option:
Produce 50 units from product A and 50 units from product B

About This Question

This is Post Utme Greenfield University 2020 Commerce Question 19. It is one of the objective questions from the 2020 Post Utme Greenfield University Commerce examination.

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