Gce Model Questions Vol1 2025 Economics Question 28
Practice objective / multiple choice question 28 from the 2025 Gce Model Questions Vol1 Economics examination.
A railway operator runs a line with a daily capacity of 10,000 passenger‑kilometres. Fixed daily cost is ₦1,000,000. Variable cost per passenger‑km is ₦50 for the first 5,000 passenger‑km and rises to ₦80 for any passenger‑km beyond that because of congestion. The ticket price per passenger‑km is ₦120. Determine the level of passenger‑km that maximises daily profit and state the maximum profit (which may be a loss).
Answer Options
About This Question
This is Gce Model Questions Vol1 2025 Economics Question 28. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics 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.