POST UTME DELSU 2023 Commerce | Objective
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Question 1
The Central Bank of Nigeria (CBN) uses the following monetary policy tools to control inflation:
Question 2
A firm's revenue function is given by R(x) = 100x - 2x^2. If the firm's fixed cost is ₦10,000, what is the break-even point?
Question 3
A foreign trade company has a contract to supply 5,000 units of a product to a customer in another country. If the company has already shipped 2,000 units and the remaining units are stored in a warehouse, what is the percentage of the warehouse that is occupied?
Question 4
The following is a characteristic of a perfect market:
Question 5
A firm is considering two different production technologies: one that requires 10 units of labor and 5 units of capital to produce 100 units of output, and another that requires 15 units of labor and 3 units of capital to produce 120 units of output. Which technology has a higher labor productivity?
Question 6
A company's sole trader has a warehouse with a capacity of 10,000 units. The company's sales manager has ordered 8,000 units of a new product. If the warehouse is currently 70% full, how many units of the new product can be stored in the warehouse?
Question 7
A company is considering two investment options: Option A, which involves a ₦50,000 investment with a 10% annual return, and Option B, which involves a ₦100,000 investment with a 20% annual return. If the company expects to hold each investment for 5 years, what is the expected return on investment for each option?
Question 8
A company's stock control system uses the First-In-First-Out (FIFO) method to determine the cost of goods sold. If the company has 100 units of stock with a cost of ₦50 per unit and 50 units of stock with a cost of ₦75 per unit, what is the total cost of goods sold if the company sells 150 units?
Question 9
A firm's production function is given by Q = 2L^(1/2)K^(1/2). If the firm's current inputs are L = 16 and K = 9, what is the firm's current output?
Question 10
In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. What is the equilibrium price and quantity of a commodity in such a market?
Question 11
In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing marginal opportunity cost. What is the primary reason for this upward slope?
Question 12
A company's transportation costs are ₦10,000 per ton for the first 100 tons and ₦8,000 per ton for the next 200 tons. If the total transportation cost is ₦1,800,000, how many tons of goods were transported?
Question 13
A company has a warehouse with a capacity of 1000 units. The company receives a shipment of 500 units and then sells 200 units. The company's inventory level is now
Question 14
A company's production function is given by Q = 2L^0.5K^0.5. If the price of labor is 10 per unit and the price of capital is 20 per unit, and if the company is currently producing 100 units of output, what is the value of the marginal product of labor?
Question 15
A firm has a warehouse with a capacity of 5,000 units. If 3,000 units are already stored, what is the percentage of the warehouse that is occupied?
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