Post Utme Futa 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Futa Economics examination.

Post Utme Futa 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_FUTA • 2022 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦100,000 and a total \cost of ₦80,000. If the firm's marginal revenue is ₦5,000 and its marginal \cost is ₦3,000, what is the firm's profit?

Answer Options

Correct Answer A. ₦10,000
B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Futa 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Futa Economics examination.

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