Neco Model Questions Vol1 2024 Government Question 38
Practice objective / multiple choice question 38 from the 2024 Neco Model Questions Vol1 Government examination.
A public agency plans to launch an e‑service. The fixed start‑up cost is \(\text{₦}120\) million. The variable cost per transaction is \(\text{₦}150\) and the benefit per transaction is \(\text{₦}300\). The expected number of transactions in month \(k\) (for the first 40 months) follows \(T(k)=2000k-0.5k^{2}\). Determine the smallest number of months after launch at which the cumulative net benefit (total benefits minus total costs) first becomes positive, and give that net benefit rounded to the nearest million naira.
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About This Question
This is Neco Model Questions Vol1 2024 Government Question 38. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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