Post Utme Redeemers University 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦100,000 and a total \cost of ₦80,000. If the firm's average revenue is ₦50, and the average \cost is ₦40, what is the firm's profit?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Redeemers University 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Redeemers University Economics examination.

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