Neco 2021 Geography Question 9
Practice objective / multiple choice question 9 from the 2021 Neco Geography examination.
A steel‑rod manufacturing firm has fixed monthly costs of ₦5,000,000. The variable cost per rod is ₦2,500 and each rod sells for ₦4,000. The government imposes an environmental tax that is tiered: for the first 2,000 rods produced in a month the tax is ₦300 per rod; for any rod above 2,000 the tax rises to ₦500 per rod. What is the minimum number of rods the firm must produce and sell each month to achieve a profit of at least ₦1,000,000?
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About This Question
This is Neco 2021 Geography Question 9. It is one of the objective questions from the 2021 Neco Geography examination.
Difficulty level: Hard .
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