Post Utme Greenfield University 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • COMMERCE • objective

A firm's revenue function is given by R = 2X^2, where R is revenue and X is output. If the firm wants to maximize its revenue, how many units of output should it produce?

Answer Options

A. 2
B. 3
Correct Answer C. 4
D. 5
Correct Answer
C
Correct Option:
4

About This Question

This is Post Utme Greenfield University 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Greenfield University Commerce examination.

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