Post Utme Joseph Ayo Babalola University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice

Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's revenue function is given by TR = 100q - 2q^2. If the market price is $10, find the firm's average revenue.

Answer Options

Correct Answer A. AR = $10

B. AR = $20

C. AR = $30

D. AR = $40

Correct Answer

Correct Option:

AR = $10

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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