Post Utme Nile University 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Nile University Economics examination.

Post Utme Nile University 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_NILE_UNIVERSITY • 2019 • ECONOMICS • objective

A firm produces 100 units of a product and sells it at a price of ₦50 per unit. If the firm's fixed \cost is ₦5000 and its variable \cost is ₦30 per unit, what is the firm's profit?

Answer Options

A. ₦5000
B. ₦10000
Correct Answer C. ₦15000
D. ₦20000
Correct Answer
C
Correct Option:
₦15000

About This Question

This is Post Utme Nile University 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.

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