Post Utme Oau 2018 Economics Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice
Question 6 POST_UTME_OAU • 2018 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a production function Q = 2L^0.5K^0.5. If the firm's current output is 16 units and the price per unit is ₦20, calculate the total revenue.

Answer Options

A. ₦320
B. ₦3200
Correct Answer C. ₦6400
D. ₦12800
Correct Answer
C
Correct Option:
₦6400

About This Question

This is Post Utme Oau 2018 Economics Question 6. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

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