Post Utme Bowen University 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_BOWEN_UNIVERSITY • 2022 • ECONOMICS • objective

A firm is producing a good with a fixed \cost of ₦100,000 and a variable \cost of ₦50 per unit. If the firm sells 1,000 units of the good, what will be its total revenue?

Answer Options

A. ₦500,000
Correct Answer B. ₦550,000
C. ₦600,000
D. ₦650,000
Correct Answer
B
Correct Option:
₦550,000

About This Question

This is Post Utme Bowen University 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.

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