Post Utme Pan Atlantic University 2022 Commerce Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2022 Commerce Objective / Multiple Choice
Question 5 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2022 • COMMERCE • objective

A firm's profit function is given by (P = R - C), where (R) is revenue and (C) is cost. If the firm's revenue is 200 and its cost is 100, what is the profit?

Answer Options

A. (P = 50)
Correct Answer B. (P = 100)
C. (P = 150)
D. (P = 200)
Correct Answer
B
Correct Option:
(P = 100)

About This Question

This is Post Utme Pan Atlantic University 2022 Commerce Question 5. It is one of the objective questions from the 2022 Post Utme Pan Atlantic University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support