Post Utme Osustech 2018 Economics Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 3 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

The following diagram shows the production function of a firm. If the firm's fixed \cost is ₦1000, and the variable \cost is ₦5 per unit, what is the firm's total \cost when it produces 10 units?

Answer Options

A. ₦1050
B. ₦1055
Correct Answer C. ₦1060
D. ₦1065
Correct Answer
C
Correct Option:
₦1060

About This Question

This is Post Utme Osustech 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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