Post Utme Unn 2021 Commerce Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Unn Commerce examination.

Post Utme Unn 2021 Commerce Objective / Multiple Choice
Question 14 POST_UTME_UNN • 2021 • COMMERCE • objective

A firm is considering investing in a new production technology that will increase its output by 20% but also increase its costs by 15%. What is the minimum increase in revenue required for the firm to break even?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Unn 2021 Commerce Question 14. It is one of the objective questions from the 2021 Post Utme Unn Commerce examination.

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