Post Utme Nile University 2019 Economics Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Nile University Economics examination.

Post Utme Nile University 2019 Economics Objective / Multiple Choice
Question 28 POST_UTME_NILE_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand function for a product is given by Q = 100 - 2P. If the firm's revenue is ₦100,000 and its \cost is ₦50,000, what is the firm's profit?

Answer Options

A. ₦50,000
Correct Answer B. ₦75,000
C. ₦100,000
D. ₦125,000
Correct Answer
B
Correct Option:
₦75,000

About This Question

This is Post Utme Nile University 2019 Economics Question 28. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.

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