Neco 2025 Economics Question 24
Practice objective / multiple choice question 24 from the 2025 Neco Economics examination.
A firm produces two products, A and B. Fixed costs are \(500{,}000\) naira. Variable cost per unit is \(30\) naira for A and \(20\) naira for B. Selling prices are \(80\) naira for A and \(50\) naira for B. The firm intends to produce the products in the ratio A:B = 3:2 and wants to achieve a total profit of \(200{,}000\) naira. What is the minimum total number of units (A plus B) that must be produced to meet this target?
Answer Options
About This Question
This is Neco 2025 Economics Question 24. It is one of the objective questions from the 2025 Neco Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.