Post Utme Greenfield University 2021 Economics Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2021 Economics Objective / Multiple Choice
Question 11 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's total revenue is given by the equation TR = 100x - 2x^2, where x is the number of units sold. If the firm's marginal revenue is 50, find the number of units sold at which the firm's total revenue is maximized.

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Greenfield University 2021 Economics Question 11. It is one of the objective questions from the 2021 Post Utme Greenfield University Economics examination.

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