Post Utme Igbinedion University 2024 Economics Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2024 Economics Objective / Multiple Choice
Question 11 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ECONOMICS • objective

A firm operating in a perfectly competitive market has a total revenue function given by TR = 100x - 2x^2, where x is the number of units sold. If the firm's marginal revenue (MR) is 80, what is the value of x?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Igbinedion University 2024 Economics Question 11. It is one of the objective questions from the 2024 Post Utme Igbinedion University Economics examination.

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