Gce Model Questions Vol1 2020 Geography Question 41
Practice objective / multiple choice question 41 from the 2020 Gce Model Questions Vol1 Geography examination.
An electronics factory has an annual fixed cost of £500,000 and a variable cost of £20 per unit. It can produce up to 30,000 units each year. The product sells for £50 per unit at the factory gate, but for each kilometre the product is transported to the market the selling price falls by £0.10 because of competition, and the transport cost adds £0.05 per unit per kilometre. Assuming the factory sells its full output, what is the greatest distance (in kilometres, to one decimal place) from the factory to the market at which the factory can still make a profit (i.e., total revenue \(\ge\) total cost)?
Answer Options
About This Question
This is Gce Model Questions Vol1 2020 Geography Question 41. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Geography examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.