Post Utme Joseph Ayo Babalola University 2022 Economics Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2022 Economics Objective / Multiple Choice
Question 38 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

A firm is considering two different production processes. Process A has a fixed \cost of ₦50,000 and a variable \cost of ₦10 per unit. Process B has a fixed \cost of ₦30,000 and a variable \cost of ₦15 per unit. If the firm produces 1,000 units, what is the total \cost of each process?

Answer Options

Correct Answer A. Process A: ₦65,000, Process B: ₦45,000
B. Process A: ₦75,000, Process B: ₦55,000
C. Process A: ₦85,000, Process B: ₦65,000
D. Process A: ₦95,000, Process B: ₦75,000
Correct Answer
A
Correct Option:
Process A: ₦65,000, Process B: ₦45,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 38. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

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