Post Utme Ims U 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Ims U Economics examination.

Post Utme Ims U 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_IMS_U • 2017 • ECONOMICS • objective

A firm is operating in the short run and has a total revenue of ₦100,000 and total \cost of ₦80,000. What is the economic profit of the firm?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Ims U 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Ims U Economics examination.

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