Post Utme Pan Atlantic University 2017 Commerce Question 45

Practice objective / multiple choice question 45 from the 2017 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2017 Commerce Objective / Multiple Choice
Question 45 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • COMMERCE • objective

A firm's export price is given by the equation EP = 2IP - 3TP, where EP is the export price, IP is the import price, and TP is the transportation cost. If the import price is 10 units and the transportation cost is 5 units, what is the export price?

Answer Options

A. 5
B. 10
Correct Answer C. 15
D. 20
Correct Answer
C
Correct Option:
15

About This Question

This is Post Utme Pan Atlantic University 2017 Commerce Question 45. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.

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