Post Utme Osustech 2019 Economics Question 17
Practice objective / multiple choice question 17 from the 2019 Post Utme Osustech Economics examination.
A firm is considering the introduction of a new product. The product has a fixed \cost of ₦100,000 and a variable \cost of ₦50 per unit. The selling price of the product is ₦75 per unit. If the firm expects to sell 10,000 units of the product, what is the minimum price it should charge to break even?
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About This Question
This is Post Utme Osustech 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.
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