Post Utme Unilag 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A firm is considering investing in a new project. The project has a fixed \cost of ₦100,000 and a variable \cost of ₦20 per unit. If the firm expects to sell 10,000 units of the product, what is the firm's total \cost?

Answer Options

A. ₦1,200,000
B. ₦1,300,000
Correct Answer C. ₦1,400,000
D. ₦1,500,000
Correct Answer
C
Correct Option:
₦1,400,000

About This Question

This is Post Utme Unilag 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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