Post Utme Abu 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_ABU • 2021 • ECONOMICS • objective

A firm's total revenue is given by the equation TR = 2X + 3Y, where X and Y are the quantities of two goods produced. If the firm's total \cost is ₦100,000, and its total revenue is ₦150,000, what is the firm's profit?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Abu 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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