Post Utme Wellspring University 2017 Economics Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2017 Economics Objective / Multiple Choice
Question 8 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's total revenue function is given by TR = 100P - P^2, where TR is the total revenue and P is the price. If the firm sells 100 units at a price of ₦20, what is the total revenue?

Answer Options

A. ₦1000
Correct Answer B. ₦2000
C. ₦3000
D. ₦4000
Correct Answer
B
Correct Option:
₦2000

About This Question

This is Post Utme Wellspring University 2017 Economics Question 8. It is one of the objective questions from the 2017 Post Utme Wellspring University Economics examination.

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