Post Utme Uniosun 2017 Economics Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2017 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNIOSUN • 2017 • ECONOMICS • objective

A firm produces 1000 units of a commodity at a \cost of ₦10 per unit. If the price of the commodity increases by 20%, what is the new \cost of production?

Answer Options

Correct Answer A. ₦12,000
B. ₦11,000
C. ₦10,000
D. ₦9,000
Correct Answer
A
Correct Option:
₦12,000

About This Question

This is Post Utme Uniosun 2017 Economics Question 15. It is one of the objective questions from the 2017 Post Utme Uniosun Economics examination.

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