Post Utme Ims U 2019 Economics Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice

Question 4 POST_UTME_IMS_U • 2019 • 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 10,000 units, which process will result in lower \costs?

Correct Answer A. Process A

B. Process B

C. Both processes will result in the same \costs

D. Neither process will result in lower \costs

Correct Answer

Correct Option:

Process A

This is Post Utme Ims U 2019 Economics Question 4. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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