Post Utme Lasu 2023 Economics Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 35 POST_UTME_LASU • 2023 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦180,000 and a total \cost of ₦120,000. If the firm's average revenue is ₦30,000, what is its profit?

Answer Options

A. ₦30,000
B. ₦40,000
C. ₦50,000
Correct Answer D. ₦60,000
Correct Answer
D
Correct Option:
₦60,000

About This Question

This is Post Utme Lasu 2023 Economics Question 35. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support