Post Utme Summit University 2018 Commerce Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 25 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's current price is P = 20, what is the revenue?

Answer Options

A. 1000
Correct Answer B. 1200
C. 1400
D. 1600
Correct Answer
B
Correct Option:
1200

About This Question

This is Post Utme Summit University 2018 Commerce Question 25. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

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