Neco Model Questions Vol1 2020 Economics Question 35
Practice objective / multiple choice question 35 from the 2020 Neco Model Questions Vol1 Economics examination.
A transport company operates a truck with a maximum capacity of 20 tons. Fixed monthly costs are \(\text{₦}5,000,000\). The variable cost is \(\text{₦}3,800\) per ton‑kilometre and the revenue earned is \(\text{₦}4,000\) per ton‑kilometre. The truck travels 150 km each day for 30 days a month and carries the same average load \(L\) (in tons) on every trip. The company wants to earn at least \(\text{₦}10,000,000\) profit per month. What is the minimum average load \(L\) (in tons, to one decimal place) that must be carried each day?
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About This Question
This is Neco Model Questions Vol1 2020 Economics Question 35. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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