Post Utme Lautech 2024 Economics Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 11 POST_UTME_LAUTECH • 2024 • 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 ₦1000 and its variable \cost is ₦10 per unit, what is the break-even point?

Answer Options

A. ₦500
B. ₦1000
Correct Answer C. ₦1500
D. ₦2000
Correct Answer
C
Correct Option:
₦1500

About This Question

This is Post Utme Lautech 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.

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