Post Utme Uniosun 2021 Economics Question 12
Practice objective / multiple choice question 12 from the 2021 Post Utme Uniosun Economics examination.
A firm is considering two different production processes to produce a certain good. Process A has a fixed \cost of ₦100,000 and a variable \cost of ₦50 per unit. Process B has a fixed \cost of ₦150,000 and a variable \cost of ₦30 per unit. If the selling price of the good is ₦70 per unit, which process should the firm choose to maximize its profit?
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About This Question
This is Post Utme Uniosun 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.
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