Post Utme Ims U 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 33 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A firm is considering two different production processes. Process A has a fixed \cost of ₦100 and a variable \cost of ₦10 per unit, while Process B has a fixed \cost of ₦200 and a variable \cost of ₦5 per unit. If the firm produces 20 units, what is the total \cost of each process?

Answer Options

Correct Answer A. Process A: ₦300, Process B: ₦250
B. Process A: ₦250, Process B: ₦300
C. Process A: ₦350, Process B: ₦350
D. Process A: ₦250, Process B: ₦250
Correct Answer
A
Correct Option:
Process A: ₦300, Process B: ₦250

About This Question

This is Post Utme Ims U 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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