Post Utme Rsu 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Rsu Economics examination.

Post Utme Rsu 2018 Economics Objective / Multiple Choice
Question 29 POST_UTME_RSU • 2018 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a cons\tant average \cost (AC) of ₦100 per unit. If the market price (P) is ₦120 per unit, what is the firm's profit per unit?

Answer Options

A. ₦20
Correct Answer B. ₦80
C. ₦120
D. ₦160
Correct Answer
B
Correct Option:
₦80

About This Question

This is Post Utme Rsu 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Rsu Economics examination.

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