Post Utme Unilorin 2022 Commerce Question 9
Practice objective / multiple choice question 9 from the 2022 Post Utme Unilorin Commerce examination.
A firm is considering the introduction of a new product line. The product has a high fixed cost of ₦5 million and a variable cost of ₦10,000 per unit. The selling price of the product is ₦20,000 per unit. If the company expects to sell 10,000 units, what is the minimum revenue required to break even?
Answer Options
About This Question
This is Post Utme Unilorin 2022 Commerce Question 9. It is one of the objective questions from the 2022 Post Utme Unilorin Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.