Post Utme Rhema University 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_RHEMA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's total revenue is given by the formula \( TR = pq \), where ( p ) is the price and ( q ) is the quantity sold. If the price is $10 and the quantity sold is 100 units, what is the total revenue?

Answer Options

A. $1000
Correct Answer B. $10000
C. $100000
D. $1000000
Correct Answer
B
Correct Option:
$10000

About This Question

This is Post Utme Rhema University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Rhema University Economics examination.

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