Categories: Economics WAEC

What is the unit price of the firm’s output?

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

A. $10.00
B. $2.70
C. $2.00
D. $1.70

Correct Answer:

Option D = $1.70

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4 years ago

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