Post Utme Unilorin 2017 Commerce Question 2
Practice objective / multiple choice question 2 from the 2017 Post Utme Unilorin Commerce examination.
A firm is considering two different production processes for producing a certain product. Process A requires an initial investment of ₦1,000,000 and has a variable cost of ₦500 per unit. Process B requires an initial investment of ₦800,000 and has a variable cost of ₦600 per unit. If the firm expects to produce 10,000 units, which process should it choose?
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About This Question
This is Post Utme Unilorin 2017 Commerce Question 2. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.
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