Post Utme Esut 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice

Question 15 POST_UTME_ESUT • 2018 • ECONOMICS • objective

A firm's revenue is the total amount of money it receives from the sale of its products or services. It is calculated as the product of the price per unit and the number of units sold. The revenue function is given by

Correct Answer A. R = P x Q

B. R = P + Q

C. R = P - Q

D. R = P / Q

Correct Answer

Correct Option:

R = P x Q

This is Post Utme Esut 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

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