POST UTME DELSU 2024 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's production process involves the use of specialized machinery. If the machinery breaks down, the company may experience a significant loss of productivity. Which of the following best describes this situation?
Question 2
A company has a portfolio of stocks and bonds with a total value of ₦1,500,000. If the company wants to diversify its portfolio by investing in a new stock, and the new stock has a beta of 1.5 and a correlation coefficient of 0.8 with the existing portfolio, how much should the company invest in the new stock?
Question 3
A company is considering exporting its products to a foreign market. The company's export price is 100 per unit, and the foreign market demand is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the company wants to maximize its revenue, what price should it charge for its product?
Question 4
A consumer's budget constraint is given by P1Q1 + P2Q2 = 100. If the price of good 1 is ₦10 and the price of good 2 is ₦20, and the consumer spends ₦80 on good 1, how much does the consumer spend on good 2?
Question 5
A firm's demand function is given by Q = 100 - 2P. If the firm's current price is P = 20, what is the firm's current quantity demanded?
Question 6
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current labor and capital inputs are L = 16 and K = 9, respectively, what is the firm's current output?
Question 7
A company uses a just-in-time inventory system. If the lead time is 5 days and the ordering cost is ₦1,000 per order, what is the optimal order quantity?
Question 8
A firm's revenue function is given by R(Q) = 2Q^2 - 10Q + 5. If the firm produces 5 units of output, what is the marginal revenue?
Question 9
In a perfectly competitive market, the supply curve is upward-sloping because firms are willing to supply more of a good as its price increases, but they are not willing to supply as much of a good as its price decreases. What is the name of this phenomenon?
Question 10
A company has two production lines, A and B, which produce 60% and 40% of the total output, respectively. Line A has a fixed cost of ₦150,000 and a variable cost of ₦50 per unit. Line B has a fixed cost of ₦120,000 and a variable cost of ₦30 per unit. If the selling price per unit is ₦100, what is the break-even point in units for the company?
Question 11
A firm's profit function is given by √(Q) = R(Q) - C(Q) = 10Q - 2Q^2 - 2Q^2 - 10Q. If the firm's current output level is Q = 6, what is the firm's current profit?
Question 12
A company has two production units: Unit A and Unit B. Unit A produces 80% of the total output, while Unit B produces 20%. If Unit A's production cost is ₦120 per unit and Unit B's production cost is ₦180 per unit, what is the total production cost of 1,000 units?
Question 13
A sole trader has a business income of ₦500,000 and a business expense of ₦200,000. What is the net profit?
Question 14
A company has a budget of ₦1,000,000 to spend on advertising. If the cost of advertising on TV is ₦200,000 per minute and the cost of advertising on radio is ₦150,000 per minute, how many minutes of TV advertising can the company afford if it wants to spend at least 60% of its budget on TV advertising?
Question 15
A company has a production cost of ₦120 per unit and a selling price of ₦180 per unit. If the company wants to make a profit of ₦20 per unit, what is the minimum price at which the company should sell the product?
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