Post Utme Nile University 2022 Commerce Question 12
Practice objective / multiple choice question 12 from the 2022 Post Utme Nile University Commerce examination.
A firm is considering the introduction of a new product. The product has a high fixed cost of ₦1,000,000 and a variable cost of ₦150 per unit. The selling price of the product is ₦250 per unit. If the firm expects to sell 8,000 units, what is the minimum price at which the firm must sell the product to break even?
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About This Question
This is Post Utme Nile University 2022 Commerce Question 12. It is one of the objective questions from the 2022 Post Utme Nile University Commerce examination.
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