Post Utme Unn 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_UNN • 2021 • ECONOMICS • objective

A firm is considering two different production processes to manufacture a 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 ₦120,000 and a variable \cost of ₦30 per unit. If the firm produces 1,000 units, what will be the total \cost of production for each process?

Answer Options

Correct Answer A. Process A: ₦150,000; Process B: ₦120,000
B. Process A: ₦120,000; Process B: ₦150,000
C. Process A: ₦180,000; Process B: ₦120,000
D. Process A: ₦180,000; Process B: ₦180,000
Correct Answer
A
Correct Option:
Process A: ₦150,000; Process B: ₦120,000

About This Question

This is Post Utme Unn 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

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