Post Utme Bowen University 2018 Commerce Question 15
Practice objective / multiple choice question 15 from the 2018 Post Utme Bowen University Commerce examination.
A firm is considering two different production methods for its new product. Method A requires an initial investment of ₦1,000,000 and produces 5,000 units per year, while Method B requires an initial investment of ₦1,500,000 and produces 10,000 units per year. If the firm expects to sell each unit for ₦1,000, what is the minimum number of years it must operate to break even using Method B?
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About This Question
This is Post Utme Bowen University 2018 Commerce Question 15. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.
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