Post Utme Ui 2019 Economics Question 24
Practice objective / multiple choice question 24 from the 2019 Post Utme Ui Economics examination.
A firm is considering two different production techno\logies to produce a good. The first techno\logy has a fixed \cost of ₦1000 and a variable \cost of ₦200 per unit produced. The second techno\logy has a fixed \cost of ₦500 and a variable \cost of ₦300 per unit produced. If the firm expects to produce 10 units of the good, which techno\logy should the firm choose?
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About This Question
This is Post Utme Ui 2019 Economics Question 24. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.
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