Post Utme Lautech 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Lautech Economics examination.

Post Utme Lautech 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_LAUTECH • 2017 • ECONOMICS • objective

A firm is producing at a point where its marginal revenue is equal to its marginal \cost. If the price of the good is $100 and the firm is producing 100 units, what is the total revenue?

Answer Options

A. $10,000
Correct Answer B. $20,000
C. $30,000
D. $40,000
Correct Answer
B
Correct Option:
$20,000

About This Question

This is Post Utme Lautech 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Lautech 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