Post Utme Lasu 2020 Commerce Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Lasu Commerce examination.

Post Utme Lasu 2020 Commerce Objective / Multiple Choice
Question 19 POST_UTME_LASU • 2020 • COMMERCE • objective

A firm's cost of production is the total amount of money spent in producing a product or service. If a firm spends ₦1000 on raw materials and ₦500 on labor, its total cost of production is

Answer Options

A. ₦500
B. ₦1000
Correct Answer C. ₦1500
D. ₦2000
Correct Answer
C
Correct Option:
₦1500

About This Question

This is Post Utme Lasu 2020 Commerce Question 19. It is one of the objective questions from the 2020 Post Utme Lasu Commerce examination.

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