Post Utme Lasu 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice
Question 4 POST_UTME_LASU • 2021 • ECONOMICS • objective

A firm is considering two production processes. Process A has a fixed \cost of ₦100,000 and a variable \cost of ₦50 per unit. Process B has a fixed \cost of ₦150,000 and a variable \cost of ₦30 per unit. If the firm produces 10,000 units, which process is more profitable?

Answer Options

Correct Answer A. Process A
B. Process B
C. Both processes are equally profitable
D. Neither process is profitable
Correct Answer
A
Correct Option:
Process A

About This Question

This is Post Utme Lasu 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

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