Post Utme Al Hikmah University 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is considering two investment projects. Project A has a 10% chance of success and will yield a profit of 100 million if it succeeds. Project B has a 20% chance of success and will yield a profit of 50 million if it succeeds. Which project should the firm choose?

Answer Options

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

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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