Post Utme Christopher University 2021 Economics Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2021 Economics Objective / Multiple Choice
Question 6 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 100x - 2x^2. If the firm's marginal revenue function is MR(x) = 100 - 4x, find the value of x that maximizes revenue.

Answer Options

A. 25
Correct Answer B. 50
C. 75
D. 100
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Christopher University 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Christopher University Economics examination.

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