Post Utme Christopher University 2022 Economics Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2022 Economics Objective / Multiple Choice
Question 26 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 5x + 1. If the firm's marginal revenue function is MR(x) = 4x + 5, find the value of x that maximizes revenue.

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Christopher University 2022 Economics Question 26. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.

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