Post Utme Ims U 2022 Commerce Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Ims U Commerce examination.

Post Utme Ims U 2022 Commerce Objective / Multiple Choice
Question 33 POST_UTME_IMS_U • 2022 • COMMERCE • objective

A firm is considering two different production methods for a new product. Method A requires an initial investment of ₦100,000 and produces 100 units per day, while Method B requires an initial investment of ₦200,000 and produces 200 units per day. If the firm wants to maximize its profits, which method should it choose?

Answer Options

A. Method A, because it requires a lower initial investment
Correct Answer B. Method B, because it produces more units per day
C. Method A, because it produces more units per day
D. Method B, because it requires a lower initial investment
Correct Answer
B
Correct Option:
Method B, because it produces more units per day

About This Question

This is Post Utme Ims U 2022 Commerce Question 33. It is one of the objective questions from the 2022 Post Utme Ims U Commerce examination.

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