Post Utme Noun 2024 Economics Question 4

Practice objective / multiple choice question 4 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 4 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A firm is considering two different production levels. At level A, the total \cost is ₦1,500,000 and the total revenue is ₦1,800,000. At level B, the total \cost is ₦2,000,000 and the total revenue is ₦2,200,000. Which production level should the firm choose?

Answer Options

Correct Answer A. Level A
B. Level B
C. Both levels are equally profitable
D. Neither level is profitable
Correct Answer
A
Correct Option:
Level A

About This Question

This is Post Utme Noun 2024 Economics Question 4. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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