Post Utme Achievers University 2021 Economics Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2021 Economics Objective / Multiple Choice
Question 3 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ECONOMICS • objective

A farmer in Nigeria produces 100 bags of maize per season. Each bag of maize is sold for ₦10,000. However, the farmer incurs a \cost of ₦5,000 per bag. What is the farmer's profit per season?

Answer Options

A. ₦500,000
B. ₦1,000,000
Correct Answer C. ₦1,500,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Achievers University 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Achievers University Economics examination.

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