Post Utme Bowen University 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_BOWEN_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 4x^2 + 10x + 5, where x is the number of units produced. If the firm's marginal revenue function is MR(x) = 8x + 10, find the value of x that maximizes the firm's revenue.

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Bowen University 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support