Post Utme Esut 2017 Economics Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 11 POST_UTME_ESUT • 2017 • 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. 20
Correct Answer B. 25
C. 30
D. 35
Correct Answer
B
Correct Option:
25

About This Question

This is Post Utme Esut 2017 Economics Question 11. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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