Post Utme Uniport 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Uniport Economics examination.

Post Utme Uniport 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNIPORT • 2025 • ECONOMICS • objective

A firm is considering two different production processes for producing a certain good. Process A has a fixed \cost of ₦1000 and a variable \cost of ₦5 per unit, while process B has a fixed \cost of ₦500 and a variable \cost of ₦10 per unit. If the firm produces 100 units of the good, what will be the total \cost of production for each process?

Answer Options

A. Process A: ₦1500, Process B: ₦1500
Correct Answer B. Process A: ₦1500, Process B: ₦2000
C. Process A: ₦2000, Process B: ₦1500
D. Process A: ₦2000, Process B: ₦2000
Correct Answer
B
Correct Option:
Process A: ₦1500, Process B: ₦2000

About This Question

This is Post Utme Uniport 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Uniport Economics examination.

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