Post Utme Lasu 2023 Economics Question 32

Practice objective / multiple choice question 32 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 32 POST_UTME_LASU • 2023 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦120,000 and a total \cost of ₦80,000. If the firm's average revenue is ₦20,000, what is its average \cost?

Answer Options

A. ₦15,000
Correct Answer B. ₦18,000
C. ₦20,000
D. ₦22,000
Correct Answer
B
Correct Option:
₦18,000

About This Question

This is Post Utme Lasu 2023 Economics Question 32. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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