Post Utme Unn 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Unn Economics examination.

Post Utme Unn 2022 Economics Objective / Multiple Choice

Question 32 POST_UTME_UNN • 2022 • ECONOMICS • objective

A firm is considering two different production techno\logies to produce a certain good. The first techno\logy has a fixed \cost of ₦100,000 and a variable \cost of ₦50 per unit. The second techno\logy has a fixed \cost of ₦150,000 and a variable \cost of ₦30 per unit. If the firm produces 10,000 units of the good, which techno\logy will result in lower total \cost?

Correct Answer A. Techno\logy 1

B. Techno\logy 2

C. Both techno\logies will result in the same total \cost

D. Neither techno\logy will result in lower total \cost

Correct Answer

Correct Option:

Techno\logy 1

This is Post Utme Unn 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.

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