Waec Model Questions Vol1 2020 Economics Question 31
Practice objective / multiple choice question 31 from the 2020 Waec Model Questions Vol1 Economics examination.
A firm incurs a fixed cost of ₦120,000 per month and a variable cost of ₦80 per unit produced. The selling price per unit is ₦200 for the first 2,000 units. For any units sold beyond 2,000, the firm offers a 10 % discount on the unit price for those extra units. What is the smallest whole number of units the firm must sell in a month to achieve a profit of at least ₦50,000?
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About This Question
This is Waec Model Questions Vol1 2020 Economics Question 31. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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