Post Utme Esut 2023 Commerce Question 29
Practice objective / multiple choice question 29 from the 2023 Post Utme Esut Commerce examination.
A firm is considering two different pricing strategies for its product: a price ceiling of ₦10,000 or a price floor of ₦8,000. If the firm expects to sell 1,000 units at the price ceiling, but only 500 units at the price floor, what is the opportunity cost of the price floor?
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About This Question
This is Post Utme Esut 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Esut Commerce examination.
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