Post Utme Achievers University 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2018 Commerce Objective / Multiple Choice

Question 28 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • COMMERCE • objective

A firm's total revenue (TR) is the product of its price (P) and quantity sold (Q). Which of the following is a correct formula for calculating TR?

Answer Options

Correct Answer A. TR = P x Q

B. TR = P + Q

C. TR = P - Q

D. TR = Q - P

Correct Answer

Correct Option:

TR = P x Q

About This Question

This is Post Utme Achievers University 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Achievers University Commerce examination.

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