Post Utme Mountain Top University 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ECONOMICS • objective

A firm is producing 100 units of a good at a \cost of ₦500 per unit. The marginal \cost is ₦50 per unit, and the fixed \cost is ₦10,000. What is the total \cost of producing 150 units?

Answer Options

A. ₦82,500
B. ₦92,500
Correct Answer C. ₦102,500
D. ₦112,500
Correct Answer
C
Correct Option:
₦102,500

About This Question

This is Post Utme Mountain Top University 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Mountain Top University Economics examination.

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