Post Utme Unilag 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Unilag Economics examination.

Post Utme Unilag 2019 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNILAG • 2019 • ECONOMICS • objective

A firm is considering two different production processes to manufacture a product. 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, what is the total \cost of production for each process?

Answer Options

Correct Answer A. Process A: ₦1,500,000; Process B: ₦1,300,000
B. Process A: ₦1,300,000; Process B: ₦1,500,000
C. Process A: ₦1,000,000; Process B: ₦1,200,000
D. Process A: ₦1,200,000; Process B: ₦1,000,000
Correct Answer
A
Correct Option:
Process A: ₦1,500,000; Process B: ₦1,300,000

About This Question

This is Post Utme Unilag 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.

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