Post Utme Rhema University 2018 Commerce Question 18
Practice objective / multiple choice question 18 from the 2018 Post Utme Rhema University Commerce examination.
A firm is considering two different modes of transportation: trucking and rail. The cost of trucking is 100 per ton, and the cost of rail is 80 per ton. If the firm wants to transport 1000 tons of goods, and the demand for the goods is perfectly inelastic, what is the minimum cost of transportation?
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About This Question
This is Post Utme Rhema University 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.
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