Post Utme Osustech 2021 Economics Question 8
Practice objective / multiple choice question 8 from the 2021 Post Utme Osustech Economics examination.
A firm is considering two different production processes. Process A requires an initial investment of ₦1,000,000 and has a fixed \cost of ₦200,000 per unit produced. Process B requires an initial investment of ₦500,000 and has a fixed \cost of ₦150,000 per unit produced. If the firm produces 1,000 units, which process will result in lower total \costs?
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About This Question
This is Post Utme Osustech 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.
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