Post Utme Summit University 2018 Commerce Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

A firm is producing a product with a fixed cost of ₦5000 and a variable cost of ₦10 per unit. If the firm produces 500 units, what is the total cost of production?

Answer Options

A. ₦6000
B. ₦6500
Correct Answer C. ₦7000
D. ₦7500
Correct Answer
C
Correct Option:
₦7000

About This Question

This is Post Utme Summit University 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

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