Post Utme Coal City University 2020 Economics Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2020 Economics Objective / Multiple Choice
Question 27 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 10x + 5. If the firm's marginal revenue function is MR(x) = 4x + 10, what is the value of x that maximizes the firm's revenue?

Answer Options

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

About This Question

This is Post Utme Coal City University 2020 Economics Question 27. It is one of the objective questions from the 2020 Post Utme Coal City University Economics examination.

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