Neco Model Questions Vol1 2023 Government Question 48

Practice objective / multiple choice question 48 from the 2023 Neco Model Questions Vol1 Government examination.

Neco Model Questions Vol1 2023 Government Objective / Multiple Choice Hard Difficulty
Question 48 NECO_MODEL_QUESTIONS_VOL1 • 2023 • GOVERNMENT • objective

A local government council plans a waste‑management program with a fixed annual overhead of ₦5,000,000 and a variable cost of ₦100 per ton of waste collected. The program generates revenue of ₦250 per ton. The council expects to collect between 40,000 and 70,000 tons per year. To achieve a net profit of at least ₦3,000,000, what is the minimum number of tons that must be collected? (Assume the number of tons can be a whole number.)

Answer Options

A. 55,000 tons
B. 48,000 tons
C. 50,000 tons
Correct Answer D. 53,334 tons
Correct Answer
D
Correct Option:
53,334 tons

About This Question

This is Neco Model Questions Vol1 2023 Government Question 48. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Government examination.

Difficulty level: Hard .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support