Post Utme Osustech 2020 Commerce Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Osustech Commerce examination.

Post Utme Osustech 2020 Commerce Objective / Multiple Choice
Question 5 POST_UTME_OSUSTECH • 2020 • COMMERCE • objective

A firm's profit function is given by π = R - C, where π is the profit, R is the revenue and C is the cost. If the firm's revenue is ₦5000 and its cost is ₦3000, what is the profit?

Answer Options

Correct Answer A. ₦1000
B. ₦2000
C. ₦3000
D. ₦4000
Correct Answer
A
Correct Option:
₦1000

About This Question

This is Post Utme Osustech 2020 Commerce Question 5. It is one of the objective questions from the 2020 Post Utme Osustech Commerce examination.

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