Post Utme Esut 2017 Economics Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 15 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 15. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support