Post Utme Redeemers University 2025 Commerce Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2025 Commerce Objective / Multiple Choice
Question 27 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • COMMERCE • objective

A firm's profit function is given by the following equation:

Answer Options

Correct Answer A. The firm's profit function is equal to its revenue minus its cost.
B. The firm's profit function is equal to its cost minus its revenue.
C. The firm's profit function is equal to its GDP minus its trade balance.
D. The firm's profit function is equal to its trade balance minus its GDP.
Correct Answer
A
Correct Option:
The firm's profit function is equal to its revenue minus its cost.

About This Question

This is Post Utme Redeemers University 2025 Commerce Question 27. It is one of the objective questions from the 2025 Post Utme Redeemers University Commerce examination.

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