Post Utme Redeemers University 2019 Economics Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2019 Economics Objective / Multiple Choice
Question 15 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's total revenue (TR) is given by the equation TR = 100P - 0.5P^2, where P is the price of the good. If the price of the good is $10, what is the firm's total revenue?

Answer Options

A. $900
B. $950
Correct Answer C. $1000
D. $1050
Correct Answer
C
Correct Option:
$1000

About This Question

This is Post Utme Redeemers University 2019 Economics Question 15. It is one of the objective questions from the 2019 Post Utme Redeemers University Economics examination.

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