Post Utme Ims U 2025 Economics Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 9 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

A firm is considering two different production processes. Process A has a fixed \cost of ₦1000 and a variable \cost of ₦5 per unit, while Process B has a fixed \cost of ₦500 and a variable \cost of ₦10 per unit. If the firm produces 100 units of output, what is the total \cost of each process?

Answer Options

Correct Answer A. Process A: ₦1500, Process B: ₦1000
B. Process A: ₦2000, Process B: ₦1500
C. Process A: ₦2500, Process B: ₦2000
D. Process A: ₦3000, Process B: ₦2500
Correct Answer
A
Correct Option:
Process A: ₦1500, Process B: ₦1000

About This Question

This is Post Utme Ims U 2025 Economics Question 9. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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