Post Utme Crawford University 2021 Economics Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 2 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

The supply curve of a firm is given by the equation Q = 100 - 2P, where Q is the quantity supplied and P is the price. If the firm's fixed \cost is ₦1000, the total revenue function is given by

Answer Options

Correct Answer A. \text{TR} = 100P - 2P^2
B. \text{TR} = 100P - P^2
C. \text{TR} = 100P + 2P^2
D. \text{TR} = 100P + P^2
Correct Answer
A
Correct Option:
\text{TR} = 100P - 2P^2

About This Question

This is Post Utme Crawford University 2021 Economics Question 2. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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