Post Utme Covenant University 2023 Commerce Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2023 Commerce Objective / Multiple Choice
Question 23 POST_UTME_COVENANT_UNIVERSITY • 2023 • COMMERCE • objective

A firm's revenue function is given by R = 100Q - 2Q^2, where Q is output. If the firm wants to maximize revenue, what is the optimal level of output?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Covenant University 2023 Commerce Question 23. It is one of the objective questions from the 2023 Post Utme Covenant University Commerce examination.

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