Post Utme Abu 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice
Question 37 POST_UTME_ABU • 2021 • ECONOMICS • objective

A firm is considering two investment projects, A and B. Project A has a \cost of ₦100,000 and is expected to generate a revenue of ₦120,000. Project B has a \cost of ₦80,000 and is expected to generate a revenue of ₦100,000. If the firm's objective is to maximize profits, which project should it choose?

Answer Options

Correct Answer A. Project A
B. Project B
C. Both projects
D. Neither project
Correct Answer
A
Correct Option:
Project A

About This Question

This is Post Utme Abu 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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