Post Utme Lead City University 2017 Commerce Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2017 Commerce Objective / Multiple Choice
Question 13 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • COMMERCE • objective

A firm is considering the introduction of a new product into the market. The product has a fixed cost of ₦500,000 and a variable cost of ₦100 per unit. If the firm sells 10,000 units of the product, what will be the total revenue?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Lead City University 2017 Commerce Question 13. It is one of the objective questions from the 2017 Post Utme Lead City University Commerce examination.

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