Post Utme Lead City University 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 15 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

A firm operates in a perfectly competitive market. If the market price is ₦50, and the firm's marginal \cost is ₦40, what will be the firm's profit?

Answer Options

A. ₦10
B. ₦20
Correct Answer C. ₦30
D. ₦40
Correct Answer
C
Correct Option:
₦30

About This Question

This is Post Utme Lead City University 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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