Post Utme Joseph Ayo Babalola University 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice
Question 20 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 100 + 20q. If the market price is $20, find the firm's profit.

Answer Options

A. Profit = ₦100
Correct Answer B. Profit = ₦200
C. Profit = ₦300
D. Profit = ₦400
Correct Answer
B
Correct Option:
Profit = ₦200

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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