Waec Model Questions Vol1 2022 Economics Question 6
Practice objective / multiple choice question 6 from the 2022 Waec Model Questions Vol1 Economics examination.
A firm has fixed cost of ₦120,000 and a variable cost of ₦150 per unit. It sells its product at a price that depends on the quantity sold. For the first 800 units the price is ₦300 per unit. For any quantity above 800, the price per unit falls by ₦5 for each additional 100 units sold (i.e., price = 300 - 5·(Q‑800)/100). What is the smallest whole number of units the firm must sell to earn a profit?
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About This Question
This is Waec Model Questions Vol1 2022 Economics Question 6. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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