Neco Model Questions Vol1 2018 Economics Question 42
Practice objective / multiple choice question 42 from the 2018 Neco Model Questions Vol1 Economics examination.
Two products, X and Y, are produced jointly. The joint production cost is ₦500,000 and the physical output is 4,000 units of X and 6,000 units of Y. Additional separable costs are ₦25 per unit of X and ₦15 per unit of Y. Product X sells for ₦70 per unit. If the firm wants to break even overall, what price per unit must it charge for product Y? (Give your answer to two decimal places.)
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About This Question
This is Neco Model Questions Vol1 2018 Economics Question 42. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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