Post Utme Nile University 2018 Economics Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Nile University Economics examination.

Post Utme Nile University 2018 Economics Objective / Multiple Choice
Question 7 POST_UTME_NILE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦100,000 and a total \cost of ₦80,000. If the price of the good is ₦20, and the firm sells 5,000 units, calculate the profit of the firm.

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Nile University 2018 Economics Question 7. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.

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