Post Utme Achievers University 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦100,000 and a total \cost of ₦80,000. The firm's profit-maximizing output is 100 units. If the firm increases its output to 120 units, what is the new profit?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Achievers University 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Achievers University Economics examination.

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