Post Utme Madonna University 2023 Commerce Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 9 POST_UTME_MADONNA_UNIVERSITY • 2023 • COMMERCE • objective

A firm's cost of production is the sum of its fixed costs and its variable costs. If a firm has fixed costs of 1,000 and variable costs of 500 per unit, and it produces 200 units, its total cost of production is

Answer Options

A. 150,000
Correct Answer B. 120,000
C. 100,000
D. 80,000
Correct Answer
B
Correct Option:
120,000

About This Question

This is Post Utme Madonna University 2023 Commerce Question 9. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

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