Post Utme Lautech 2019 Economics Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Lautech Economics examination.

Post Utme Lautech 2019 Economics Objective / Multiple Choice
Question 25 POST_UTME_LAUTECH • 2019 • ECONOMICS • objective

A firm's revenue function is given by R = 2PQ, where R is the revenue, P is the price and Q is the quantity. If the firm sells 10 units of a commodity at a price of ₦20, what is the revenue?

Answer Options

Correct Answer A. ₦200
B. ₦250
C. ₦300
D. ₦350
Correct Answer
A
Correct Option:
₦200

About This Question

This is Post Utme Lautech 2019 Economics Question 25. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.

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