Post Utme Unn 2017 Economics Question 4
Practice objective / multiple choice question 4 from the 2017 Post Utme Unn Economics examination.
A firm is considering two different production processes to produce a good. The first process has a fixed \cost of ₦1000 and a variable \cost of ₦50 per unit. The second process has a fixed \cost of ₦500 and a variable \cost of ₦75 per unit. Which process should the firm choose if it wants to minimize its \costs?
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About This Question
This is Post Utme Unn 2017 Economics Question 4. It is one of the objective questions from the 2017 Post Utme Unn Economics examination.
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