Post Utme Lasu 2019 Economics Question 9
Practice objective / multiple choice question 9 from the 2019 Post Utme Lasu Economics examination.
A firm is considering two different production techno\logies: a traditional techno\logy and a modern techno\logy. The traditional techno\logy has a fixed \cost of ₦100,000 and a variable \cost of ₦50 per unit. The modern techno\logy has a fixed \cost of ₦200,000 and a variable \cost of ₦30 per unit. If the firm produces 1,000 units, what is the total \cost of each techno\logy?
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About This Question
This is Post Utme Lasu 2019 Economics Question 9. It is one of the objective questions from the 2019 Post Utme Lasu Economics examination.
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