Post Utme Lead City University 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 7 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is considering two different production processes to produce a certain product. Process A requires an initial investment of ₦10 million and has a variable \cost of ₦5 per unit. Process B requires an initial investment of ₦15 million and has a variable \cost of ₦3 per unit. If the firm produces 10,000 units of the product, what is the total \cost of production for each process?

Answer Options

Correct Answer A. Process A: ₦50 million, Process B: ₦45 million
B. Process A: ₦55 million, Process B: ₦50 million
C. Process A: ₦60 million, Process B: ₦55 million
D. Process A: ₦65 million, Process B: ₦60 million
Correct Answer
A
Correct Option:
Process A: ₦50 million, Process B: ₦45 million

About This Question

This is Post Utme Lead City University 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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