Neco Model Questions Vol1 2019 Economics Question 32
Practice objective / multiple choice question 32 from the 2019 Neco Model Questions Vol1 Economics examination.
A firm must transport \(500\) tons of wheat from a farm to a market. Two transport modes are available:\n\\- Rail: fixed cost per trip \(2000\) ₦, capacity \(120\) tons per trip, variable cost \(15\) ₦ per ton.\\n\\- Road: fixed cost per trip \(800\) ₦, capacity \(80\) tons per trip, variable cost \(20\) ₦ per ton.\nThe firm may use any integer number of trips of each mode. Determine the combination of rail and road trips that meets at least the required \(500\) tons at minimum total cost, and give that minimum cost.
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About This Question
This is Neco Model Questions Vol1 2019 Economics Question 32. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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