Post Utme Nile University 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Nile University Economics examination.

Post Utme Nile University 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_NILE_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a supply curve given by Q = 50 + 2P. If the market price is ₦20, what is the firm's revenue?

Answer Options

A. ₦1000
Correct Answer B. ₦2000
C. ₦3000
D. ₦4000
Correct Answer
B
Correct Option:
₦2000

About This Question

This is Post Utme Nile University 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Nile University Economics examination.

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