Post Utme Noun 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Noun Economics examination.

Post Utme Noun 2019 Economics Objective / Multiple Choice
Question 27 POST_UTME_NOUN • 2019 • ECONOMICS • objective

A firm's total revenue (TR) is given by the equation TR = P * Q, where P is the price per unit and Q is the quantity sold. If the price per unit is ₦50 and the quantity sold is 100 units, what is the total revenue?

Answer Options

A. ₦5000
Correct Answer B. ₦50000
C. ₦500000
D. ₦5000000
Correct Answer
B
Correct Option:
₦50000

About This Question

This is Post Utme Noun 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.

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