Post Utme Pan Atlantic University 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2023 Economics Objective / Multiple Choice
Question 14 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ECONOMICS • objective

A firm has a \cost function given by C(Q) = 100 + 2Q, where C(Q) is the total \cost and Q is the quantity produced. If the firm produces 20 units, what is the total revenue?

Answer Options

A. 200
B. 300
C. 400
Correct Answer D. 500
Correct Answer
D
Correct Option:
500

About This Question

This is Post Utme Pan Atlantic University 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support