Post Utme Osustech 2022 Economics Question 40
Practice objective / multiple choice question 40 from the 2022 Post Utme Osustech Economics examination.
A firm is considering two different production processes to produce a certain good. Process A has a fixed \cost of ₦100,000 and a variable \cost of ₦50 per unit. Process B has a fixed \cost of ₦120,000 and a variable \cost of ₦40 per unit. If the market price of the good is ₦60 per unit, which process should the firm choose?
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About This Question
This is Post Utme Osustech 2022 Economics Question 40. It is one of the objective questions from the 2022 Post Utme Osustech Economics examination.
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