Post Utme Oau 2017 Economics Question 2
Practice objective / multiple choice question 2 from the 2017 Post Utme Oau Economics examination.
A farmer in Nigeria decides to cultivate a new crop. The crop requires an initial investment of ₦100,000 and has a variable \cost of ₦50 per unit. The selling price of the crop is ₦100 per unit. If the farmer expects to sell 2,000 units, what is the minimum price the farmer must charge to break even?
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About This Question
This is Post Utme Oau 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.
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