Post Utme Unilag 2020 Commerce Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Unilag Commerce examination.

Post Utme Unilag 2020 Commerce Objective / Multiple Choice
Question 30 POST_UTME_UNILAG • 2020 • COMMERCE • objective

A firm is considering launching a new product. The firm has estimated the following costs and revenues for the product: Fixed costs = ₦50,000, Variable costs = ₦20,000, Revenue = ₦80,000. What is the firm's profit?

Answer Options

Correct Answer A. ₦10,000
B. ₦30,000
C. ₦50,000
D. ₦70,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Unilag 2020 Commerce Question 30. It is one of the objective questions from the 2020 Post Utme Unilag Commerce examination.

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