Post Utme Uniben 2020 Commerce Question 17
Practice objective / multiple choice question 17 from the 2020 Post Utme Uniben Commerce examination.
A firm is considering two different production technologies to produce a single product. The first technology has a fixed cost of ₦100,000 and a variable cost of ₦50 per unit produced. The second technology has a fixed cost of ₦200,000 and a variable cost of ₦30 per unit produced. If the firm produces 1,000 units of the product, what is the total cost of production for each technology?
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About This Question
This is Post Utme Uniben 2020 Commerce Question 17. It is one of the objective questions from the 2020 Post Utme Uniben Commerce examination.
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