Waec Model Questions Vol1 2023 Economics Question 12
Practice objective / multiple choice question 12 from the 2023 Waec Model Questions Vol1 Economics examination.
A firm produces a product. Fixed cost = ₦500,000. Variable cost per unit = ₦150 + ₦0.02Q, where Q is the number of units produced. The selling price is ₦800 per unit, and a 10% sales tax is levied on revenue which the firm must pay. What is the smallest integer output level (in units) at which the firm makes a profit after tax?
Answer Options
About This Question
This is Waec Model Questions Vol1 2023 Economics Question 12. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.