Post Utme Uniben 2020 Commerce Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Uniben Commerce examination.

Post Utme Uniben 2020 Commerce Objective / Multiple Choice

Question 25 POST_UTME_UNIBEN • 2020 • COMMERCE • objective

A firm uses the following data to calculate its production costs: Fixed costs = ₦50,000, Variable costs = ₦20x, where x is the number of units produced. What is the total cost function?

Correct Answer A. TC = 50,000 + 20x

B. TC = 50,000 - 20x

C. TC = 50,000 + 10x

D. TC = 50,000 - 10x

Correct Answer

Correct Option:

TC = 50,000 + 20x

This is Post Utme Uniben 2020 Commerce Question 25. It is one of the objective questions from the 2020 Post Utme Uniben Commerce examination.

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