Post Utme Noun 2020 Economics Question 45

Practice objective / multiple choice question 45 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 45 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A firm is considering two different 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, what will be the total \cost of each process?

Answer Options

Correct Answer A. Process A: ₦1,550,000, Process B: ₦1,300,000
B. Process A: ₦1,300,000, Process B: ₦1,550,000
C. Process A: ₦1,500,000, Process B: ₦1,400,000
D. Process A: ₦1,400,000, Process B: ₦1,500,000
Correct Answer
A
Correct Option:
Process A: ₦1,550,000, Process B: ₦1,300,000

About This Question

This is Post Utme Noun 2020 Economics Question 45. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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