Post Utme Oau 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_OAU • 2024 • ECONOMICS • objective

A firm's profit function is given by P = R - C, where P is profit, R is revenue, and C is \cost. If the firm's revenue and \cost are 1000 and 300 respectively, what is its profit?

Answer Options

A. 200
B. 300
Correct Answer C. 400
D. 500
Correct Answer
C
Correct Option:
400

About This Question

This is Post Utme Oau 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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