Post Utme Oau 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Oau Economics examination.

Post Utme Oau 2020 Economics Objective / Multiple Choice
Question 4 POST_UTME_OAU • 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 production for each process?

Answer Options

Correct Answer A. Process A: ₦1,500,000; Process B: ₦1,200,000
B. Process A: ₦1,200,000; Process B: ₦1,500,000
C. Process A: ₦1,000,000; Process B: ₦1,400,000
D. Process A: ₦1,400,000; Process B: ₦1,000,000
Correct Answer
A
Correct Option:
Process A: ₦1,500,000; Process B: ₦1,200,000

About This Question

This is Post Utme Oau 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Oau Economics examination.

View More Post Utme Oau 2020 Economics Questions More Post Utme Oau Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support