Post Utme Ksu 2021 Economics Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 28 POST_UTME_KSU • 2021 • ECONOMICS • objective

A company is considering investing in a new project. The project has a fixed \cost of ₦1 million and a variable \cost of ₦500 per unit produced. If the selling price of the product is ₦1,500 per unit, and the company expects to sell 10,000 units, what is the company's profit?

Answer Options

A. ₦4,500,000
B. ₦5,500,000
Correct Answer C. ₦6,500,000
D. ₦7,500,000
Correct Answer
C
Correct Option:
₦6,500,000

About This Question

This is Post Utme Ksu 2021 Economics Question 28. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support