Neco 2023 Geography Question 20
Practice objective / multiple choice question 20 from the 2023 Neco Geography examination.
A manufacturing firm produces widgets. Fixed costs are \(\text{₦}2{,}000{,}000\) per year. Variable cost per widget is \(\text{₦}150\). Each widget sells for \(\text{₦}250\). The government imposes a 10\% sales tax on the revenue, payable by the firm. What is the minimum number of widgets the firm must produce and sell each year to achieve a profit of at least \(\text{₦}500{,}000\) after tax? Give the smallest whole number of widgets.
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About This Question
This is Neco 2023 Geography Question 20. It is one of the objective questions from the 2023 Neco Geography examination.
Difficulty level: Hard .
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