Post Utme Joseph Ayo Babalola University 2018 Economics Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice
Question 16 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm operating in a perfectly competitive market has a total revenue function given by TR = 100q - 2q^2. If the market price is $10, find the firm's total revenue when it produces 20 units.

Answer Options

Correct Answer A. ₦2000
B. ₦2500
C. ₦3000
D. ₦3500
Correct Answer
A
Correct Option:
₦2000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 16. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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