Post Utme Lead City University 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's revenue function is given by R(q) = 200q - 2q^2. If the firm produces 15 units, what is the revenue?

Answer Options

Correct Answer A. ( R(15) = 200(15) - 2(15)^2 = 3000 - 450 = 2550 )
B. ( R(15) = 200(15) - 2(15)^2 = 3000 - 450 = 2550 )
C. ( R(15) = 200(15) - 2(15)^2 = 3000 - 450 = 2550 )
D. ( R(15) = 200(15) - 2(15)^2 = 3000 - 450 = 2550 )
Correct Answer
A
Correct Option:
( R(15) = 200(15) - 2(15)^2 = 3000 - 450 = 2550 )

About This Question

This is Post Utme Lead City University 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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