Post Utme Pan Atlantic University 2023 Economics Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2023 Economics Objective / Multiple Choice
Question 21 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with cons\tant returns to scale. If the firm's average \cost curve intersects the demand curve at a point where the quantity supplied is 100 units, and the price is ₦100, what is the total revenue of the firm?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Pan Atlantic University 2023 Economics Question 21. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Economics examination.

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