Post Utme Ksu 2017 Commerce Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Ksu Commerce examination.

Post Utme Ksu 2017 Commerce Objective / Multiple Choice
Question 34 POST_UTME_KSU • 2017 • COMMERCE • objective

A firm's revenue function is given by R = 2x^2 + 3x - 4. If the firm's marginal revenue function is MR = 4x + 3, what is the firm's optimal output level?

Answer Options

A. 1 unit
B. 2 units
Correct Answer C. 3 units
D. 4 units
Correct Answer
C
Correct Option:
3 units

About This Question

This is Post Utme Ksu 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Ksu Commerce examination.

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