Post Utme Unilag 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Unilag Economics examination.

Post Utme Unilag 2024 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNILAG • 2024 • ECONOMICS • objective

A firm is operating under a perfectly competitive market structure. If the market price is ₦200 and the firm's total revenue is ₦40,000, what is the firm's total \cost?

Answer Options

Correct Answer A. ₦30,000
B. ₦35,000
C. ₦40,000
D. ₦45,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Unilag 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.

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