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The table below shows the total revenue schedule of a firm. Use the information to...

Economics
WAEC 2020

The table below shows the total revenue schedule of a firm. Use the information to answer the question that follows

Output (units) 50 60 70 80 90
Total revenue (TR) $ 85 102 119 136 153

What is the unit price of the firm's output

  • A. $10.00
  • B. $2.70
  • C. $2.00
  • D. $1.70
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Correct Answer: Option D
Explanation
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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