Gce Model Questions Vol1 2020 Economics Question 48
Practice objective / multiple choice question 48 from the 2020 Gce Model Questions Vol1 Economics examination.
A firm has fixed costs of £5 000. Variable cost per unit is £20 for product A and £30 for product B. It sells product A at £50 per unit and product B at an unknown price \(p\). In a month it produces 200 units of A and 150 units of B and records a profit of £2 500. What is the selling price \(p\) of product B (in £)?
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About This Question
This is Gce Model Questions Vol1 2020 Economics Question 48. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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