Post Utme Madonna University 2021 Commerce Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2021 Commerce Objective / Multiple Choice
Question 40 POST_UTME_MADONNA_UNIVERSITY • 2021 • COMMERCE • objective

A firm has a revenue function given by R = 2Q - 3, where R is revenue and Q is output. If the firm produces 50 units of output, what is the revenue?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Madonna University 2021 Commerce Question 40. It is one of the objective questions from the 2021 Post Utme Madonna University Commerce examination.

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