Post Utme Rhema University 2017 Commerce Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2017 Commerce Objective / Multiple Choice
Question 24 POST_UTME_RHEMA_UNIVERSITY • 2017 • COMMERCE • objective

A firm's revenue function is given by R = 2Q + 3P, where R is the revenue, Q is the output, and P is the price. If the firm produces 10 units of output and the price is 5, what is the revenue?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Rhema University 2017 Commerce Question 24. It is one of the objective questions from the 2017 Post Utme Rhema University Commerce examination.

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