Neco Model Questions Vol1 2020 Commerce Question 34
Practice objective / multiple choice question 34 from the 2020 Neco Model Questions Vol1 Commerce examination.
A company's advertising expenditure \(A\) (in thousands of Naira) generates additional units sold according to \(U = 500\sqrt{A}\). Each unit contributes \(150\) Naira to profit. Fixed costs are \(300000\) Naira per month. The company wants a monthly profit of at least \(50000\) Naira. Determine the minimum advertising expenditure (in thousands of Naira), rounded up to the nearest whole thousand.
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About This Question
This is Neco Model Questions Vol1 2020 Commerce Question 34. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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