Post Utme Oau 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice

Question 18 POST_UTME_OAU • 2021 • ECONOMICS • objective

A firm is considering two different production processes for a particular good. Process A has a fixed \cost of 100 and a variable \cost of 20 per unit, while Process B has a fixed \cost of 150 and a variable \cost of 15 per unit. If the firm produces 100 units of the good, which process will result in the lowest total \cost?

Correct Answer A. Process A

B. Process B

C. Both processes will result in the same total \cost

D. Neither process will result in the lowest total \cost

Correct Answer

Correct Option:

Process A

This is Post Utme Oau 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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