Post Utme Caleb University 2019 Economics Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice
Question 26 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's total revenue is given by the equation TR = 100q - 2q^2, where q is the quantity sold. If the firm's marginal revenue is 120 at q = 10, what is the value of the firm's total revenue at q = 15?

Answer Options

A. ₦1,500
B. ₦1,800
Correct Answer C. ₦2,100
D. ₦2,500
Correct Answer
C
Correct Option:
₦2,100

About This Question

This is Post Utme Caleb University 2019 Economics Question 26. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

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