Post Utme Ksu 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice

Question 8 POST_UTME_KSU • 2023 • ECONOMICS • objective

A firm is considering two investment projects. Project A has a 10% chance of earning ₦100 million and a 90% chance of earning ₦50 million. Project B has a 20% chance of earning ₦150 million and an 80% chance of earning ₦25 million. Which project has a higher expected return?

Correct Answer A. Project A

B. Project B

C. Both projects have the same expected return

D. Neither project has a higher expected return

Correct Answer

Correct Option:

Project A

This is Post Utme Ksu 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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