Post Utme Delsu 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Delsu Economics examination.

Post Utme Delsu 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_DELSU • 2021 • ECONOMICS • objective

A farmer in Nigeria is considering whether to adopt a new techno\logy that will increase crop yields by 20%. If the current price of the crop is ₦100 per unit and the marginal \cost of production is ₦80 per unit, what is the expected profit from adopting the new techno\logy?

Answer Options

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

About This Question

This is Post Utme Delsu 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Delsu Economics examination.

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