Post Utme Greenfield University 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2021 Economics Objective / Multiple Choice
Question 39 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a cons\tant returns to scale production function. If the firm's current output is 100 units and the price of the good is $10 per unit, what is the firm's total revenue?

Answer Options

A. 1000
Correct Answer B. 2000
C. 5000
D. 10000
Correct Answer
B
Correct Option:
2000

About This Question

This is Post Utme Greenfield University 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Greenfield University Economics examination.

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