Post Utme Babcock University 2021 Geography Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Babcock University Geography examination.

Post Utme Babcock University 2021 Geography Objective / Multiple Choice
Question 3 POST_UTME_BABCOCK_UNIVERSITY • 2021 • GEOGRAPHY • objective

A firm producing a product with a fixed cost of ₦100,000 and a variable cost of ₦50 per unit, sells the product at ₦75 per unit. If the firm produces 1,000 units, what is the profit made by the firm?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

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

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