Post Utme Futo 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A firm's total revenue (TR) is given by the equation TR = 20q + 30q^2, where q is the quantity sold. If the firm's marginal revenue (MR) is 40q + 60q^2, what is the value of q when MR = TR?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Futo 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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