Post Utme Crawford University 2022 Geography Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Crawford University Geography examination.

Post Utme Crawford University 2022 Geography Objective / Multiple Choice
Question 2 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • GEOGRAPHY • objective

A firm in the manufacturing sector of Nigeria's economy is considering the use of a new production technology. The technology has the potential to increase productivity by 20% but will also increase costs by 15%. What is the net effect on the firm's profit?

Answer Options

Correct Answer A. Increase in profit by 5%
B. Decrease in profit by 5%
C. No change in profit
D. Increase in profit by 10%
Correct Answer
A
Correct Option:
Increase in profit by 5%

About This Question

This is Post Utme Crawford University 2022 Geography Question 2. It is one of the objective questions from the 2022 Post Utme Crawford University Geography examination.

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