Post Utme Osustech 2021 Commerce Question 4
Practice objective / multiple choice question 4 from the 2021 Post Utme Osustech Commerce examination.
A company is considering launching a new product in a market where the demand curve is given by Q = 100 - 2P. If the company's marginal cost (MC) is ₦20 and the fixed cost is ₦50,000, what is the minimum price it should charge for the product to break even?
Answer Options
About This Question
This is Post Utme Osustech 2021 Commerce Question 4. It is one of the objective questions from the 2021 Post Utme Osustech Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.