POST UTME RSU 2018 Commerce | Objective

Are you preparing for POST UTME RSU exams? Reviewing past questions is one of the most effective ways to guarantee a high score. This practice hub features authentic 2018 Commerce (Objective) questions designed to simulate the real exam environment.

Practice these randomly selected questions to test your readiness.

Question 1

In a perfectly competitive market, what is the relationship between the marginal revenue product of labor (MRP) and the marginal factor cost of labor (MFC)?

A. MRP > MFC

B. MRP < MFC

Correct C. MRP = MFC

D. MRP and MFC are unrelated

Correct Answer: C

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Question 2

A company is considering two different production methods for a new product. Method A requires an initial investment of ₦1,000,000 and produces 1,000 units per year, while Method B requires an initial investment of ₦500,000 and produces 500 units per year. If the company expects to sell each unit for ₦200, which method should it choose?

Correct A. Method A

B. Method B

C. Both methods are equally profitable

D. Neither method is profitable

Correct Answer: A

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Question 3

A firm is considering two different advertising strategies: Strategy A, which costs ₦100,000 per year and reaches 10,000 potential customers, and Strategy B, which costs ₦50,000 per year and reaches 5,000 potential customers. If the firm expects to sell each unit for ₦200, which strategy should it choose?

Correct A. Strategy A

B. Strategy B

C. Both strategies are equally effective

D. Neither strategy is effective

Correct Answer: A

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Question 4

A company is considering exporting its product to a foreign market. If the company expects to sell each unit for ₦200 and the exchange rate is 1 USD = 400 NGN, what is the minimum price the company should charge in USD?

A. 0.50

Correct B. 1.00

C. 1.50

D. 2.00

Correct Answer: B

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Question 5

A firm is considering two different production methods for a new product. Method A requires an initial investment of ₦1,000,000 and produces 1,000 units per year, while Method B requires an initial investment of ₦500,000 and produces 500 units per year. If the firm expects to sell each unit for ₦200, what is the minimum number of years the firm should operate before breaking even?

A. 2 years

B. 3 years

Correct C. 4 years

D. 5 years

Correct Answer: C

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