Post Utme Mountain Top University 2017 Commerce Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2017 Commerce Objective / Multiple Choice
Question 5 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • COMMERCE • objective

A firm's profit function is given by \pi = R - COGS. If the firm's current revenue is R = 64 and the firm's current COGS is COGS = 16, what is the firm's current profit?

Answer Options

A. 32
B. 48
Correct Answer C. 64
D. 80
Correct Answer
C
Correct Option:
64

About This Question

This is Post Utme Mountain Top University 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Mountain Top University Commerce examination.

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