Post Utme Ui 2023 Commerce Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Ui Commerce examination.

Post Utme Ui 2023 Commerce Objective / Multiple Choice
Question 22 POST_UTME_UI • 2023 • COMMERCE • objective

A firm is considering a new production process that will increase its output by 20% but will also increase its costs by 15%. If the firm's current profit is ₦5,000,000, what will be its expected profit after implementing the new process?

Answer Options

A. ₦4,250,000
Correct Answer B. ₦5,250,000
C. ₦6,250,000
D. ₦7,250,000
Correct Answer
B
Correct Option:
₦5,250,000

About This Question

This is Post Utme Ui 2023 Commerce Question 22. It is one of the objective questions from the 2023 Post Utme Ui 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