Post Utme Joseph Ayo Babalola University 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice
Question 20 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's supply function is given by Q = 2P + 10. If the price elasticity of supply is 0.5, calculate the firm's revenue.

Answer Options

A. ₦5000
B. ₦6000
Correct Answer C. ₦7000
D. ₦8000
Correct Answer
C
Correct Option:
₦7000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

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