Post Utme Futa 2024 Economics Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 5 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A firm's revenue function is given by ( R(x) = 2x^2 + 10x + 5 ). If the firm produces 20 units of output, find the total revenue and the marginal revenue.

Answer Options

Correct Answer A. Total revenue = ₦150, Marginal revenue = ₦15
B. Total revenue = ₦200, Marginal revenue = ₦20
C. Total revenue = ₦250, Marginal revenue = ₦25
D. Total revenue = ₦300, Marginal revenue = ₦30
Correct Answer
A
Correct Option:
Total revenue = ₦150, Marginal revenue = ₦15

About This Question

This is Post Utme Futa 2024 Economics Question 5. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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