Post Utme Uniport 2019 Economics Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective

A firm is considering two different production processes for its product. 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 firm produces 10,000 units of the product, what is the total \cost of production for each process?

Answer Options

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

About This Question

This is Post Utme Uniport 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

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