Post Utme Lead City University 2022 Commerce Question 19
Practice objective / multiple choice question 19 from the 2022 Post Utme Lead City University Commerce examination.
A firm is considering the introduction of a new product. The product has a high fixed cost of ₦1,500,000 and a variable cost of ₦200 per unit. The selling price of the product is ₦300 per unit. If the firm expects to sell 6,000 units, what is the minimum price at which the product should be sold to break even?
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About This Question
This is Post Utme Lead City University 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Lead City University Commerce examination.
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