Post Utme Unilag 2017 Economics Question 22
Practice objective / multiple choice question 22 from the 2017 Post Utme Unilag Economics examination.
A firm is considering two different production processes. Process A requires an initial investment of ₦100,000 and has a variable \cost of ₦50 per unit produced. Process B requires an initial investment of ₦150,000 and has a variable \cost of ₦30 per unit produced. If the firm produces 10,000 units, which process will result in lower total \cost?
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About This Question
This is Post Utme Unilag 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.
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