Post Utme Unilorin 2017 Economics Question 13
Practice objective / multiple choice question 13 from the 2017 Post Utme Unilorin Economics examination.
A firm is considering two different production techno\logies. The first techno\logy has a fixed \cost of $100, a variable \cost of $10 per unit, and a revenue function of $20 per unit. The second techno\logy has a fixed \cost of $200, a variable \cost of $15 per unit, and a revenue function of $25 per unit. Which techno\logy should the firm choose if it expects to produce 100 units?
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About This Question
This is Post Utme Unilorin 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Unilorin Economics examination.
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