POST UTME NILE UNIVERSITY 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm's revenue function is given by R = 100p - 2p^2, where p is the price per unit. If the firm's current price is p = 10, what is the firm's current revenue?
Question 2
A consumer purchases a product with a price of ₦10,000 and a 10% discount. If the consumer pays ₦9,000, what is the amount of the discount?
Question 3
A company is considering investing in a new product line. The product has a high level of market demand, but the production costs are also high. What is the primary factor that will determine the success of the product?
Question 4
A firm specializes in producing only one product. This is an example of _______ specialization.
Question 5
A sole trader is considering the purchase of a new piece of equipment for their business. The equipment costs ₦200,000 and is expected to last for 5 years. The sole trader expects to save ₦50,000 per year from the use of the equipment. What is the payback period of the equipment?
Question 6
In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing costs. However, in a monopolistically competitive market, the supply curve is also upward-sloping, but for a different reason. What is the primary reason for the upward-sloping supply curve in a monopolistically competitive market?
Question 7
In a warehouse with a storage capacity of 10,000 units, the stock level is currently at 8,000 units. If the rate of stock depletion is 5% per week, and the warehouse manager wants to maintain a safety stock of 20% of the storage capacity, what is the minimum number of units that should be ordered to meet the safety stock requirement?
Question 8
A firm is considering outsourcing its production to a foreign country. What are the potential advantages of outsourcing?
Question 9
A firm's profit function is given by Φ = R - C, where R is revenue and C is cost. If the firm's current revenue and cost are R = 1000 and C = 400, respectively, what is the firm's current profit?
Question 10
A bank provides a loan to a customer at an interest rate of 10% per annum. If the customer borrows ₦100,000 for 5 years, how much will the customer pay in total?
Question 11
A company is considering the introduction of a new product line. The marketing manager has identified two potential target markets: Market A and Market B. Market A has a larger population, but Market B has a higher disposable income. Which market segmentation strategy would be most appropriate for this company?
Question 12
A life insurance policy has a premium of ₦50,000 per year. If the policyholder wants to pay the premium in 10 equal installments, what is the amount of each installment?
Question 13
A company's foreign trade policy is primarily influenced by its
Question 14
A firm's cost function is given by C = 2L + 3K, where L is labor and K is capital. If the firm's current labor and capital inputs are L = 4 and K = 9, respectively, what is the firm's current cost?
Question 15
A company uses a transportation mode that has a fixed cost of ₦50,000 per trip and a variable cost of ₦10,000 per unit. If the company transports 1,000 units per trip, what is the total cost of transportation for a 5-trip journey?
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