Post Utme Lautech 2025 Commerce Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Lautech Commerce examination.

Post Utme Lautech 2025 Commerce Objective / Multiple Choice
Question 23 POST_UTME_LAUTECH • 2025 • COMMERCE • objective

A firm has the following production costs: variable costs = ₦500,000, fixed costs = ₦200,000, and total revenue = ₦1,200,000. What is the firm's profit?

Answer Options

A. ₦200,000
Correct Answer B. ₦300,000
C. ₦400,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Lautech 2025 Commerce Question 23. It is one of the objective questions from the 2025 Post Utme Lautech Commerce examination.

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