Post Utme Ims U 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Ims U Economics examination.

Post Utme Ims U 2023 Economics Objective / Multiple Choice
Question 18 POST_UTME_IMS_U • 2023 • ECONOMICS • objective

A firm's revenue function is given by R = 100P - 0.5P^2. If the firm sells 100 units at a price of 10, calculate the firm's total revenue.

Answer Options

Correct Answer A. 1000
B. 1200
C. 1500
D. 1800
Correct Answer
A
Correct Option:
1000

About This Question

This is Post Utme Ims U 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support