Post Utme Uniport 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective

A firm is considering two different pricing strategies for its product. Strategy A is a fixed price of ₦100 per unit, while Strategy B is a price of ₦80 per unit for the first 5,000 units and ₦120 per unit for units above 5,000. If the firm produces 10,000 units of the product, what is the total revenue for each strategy?

Answer Options

A. Strategy A: ₦1,000,000, Strategy B: ₦1,200,000
Correct Answer B. Strategy A: ₦1,200,000, Strategy B: ₦1,000,000
C. Strategy A: ₦1,000,000, Strategy B: ₦1,000,000
D. Strategy A: ₦1,200,000, Strategy B: ₦1,200,000
Correct Answer
B
Correct Option:
Strategy A: ₦1,200,000, Strategy B: ₦1,000,000

About This Question

This is Post Utme Uniport 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

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