Post Utme Ksu 2019 Commerce Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Ksu Commerce examination.

Post Utme Ksu 2019 Commerce Objective / Multiple Choice
Question 13 POST_UTME_KSU • 2019 • COMMERCE • objective

A firm is producing a good with a marginal cost (MC) of ₦10 and a fixed cost of ₦500. If the firm produces 50 units of the good, what is the total cost of production?

Answer Options

A. ₦600
B. ₦650
C. ₦700
Correct Answer D. ₦750
Correct Answer
D
Correct Option:
₦750

About This Question

This is Post Utme Ksu 2019 Commerce Question 13. It is one of the objective questions from the 2019 Post Utme Ksu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support