Post Utme Joseph Ayo Babalola University 2019 Economics Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2019 Economics Objective / Multiple Choice
Question 11 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's total revenue (TR) is given by the equation TR = 100x - 2x^2, where x is the number of units sold. If the firm's fixed \cost is ₦5000 and its variable \cost is ₦20 per unit, what is the break-even point?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Economics examination.

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