Post Utme Lead City University 2021 Commerce Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2021 Commerce Objective / Multiple Choice
Question 20 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • COMMERCE • objective

A company's profit function is given by the equation P = R - C, where P is the profit, R is the revenue, and C is the cost. If the firm's revenue is 100 and its cost is 50, what is the profit?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Lead City University 2021 Commerce Question 20. It is one of the objective questions from the 2021 Post Utme Lead City University Commerce examination.

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