Post Utme Ksu 2021 Economics Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 24 POST_UTME_KSU • 2021 • ECONOMICS • objective

A firm is considering two production methods: method A and method B. Method A \costs ₦1000 per unit and produces 1 unit of output, while method B \costs ₦500 per unit and produces 2 units of output. If the firm produces 3 units of output, what is the total \cost of production?

Answer Options

A. ₦3000
B. ₦3500
Correct Answer C. ₦4000
D. ₦4500
Correct Answer
C
Correct Option:
₦4000

About This Question

This is Post Utme Ksu 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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