Post Utme Ksu 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Ksu Economics examination.

Post Utme Ksu 2019 Economics Objective / Multiple Choice
Question 1 POST_UTME_KSU • 2019 • ECONOMICS • objective

A firm's total revenue function is given by \( TR = 100x - 2x^2 \), where ( x ) is the number of units sold. If the firm's marginal revenue function is \( MR = 100 - 4x \), what is the value of ( x ) at which the firm's total revenue is maximized?

Answer Options

A. 25
Correct Answer B. 50
C. 75
D. 100
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Ksu 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Ksu Economics examination.

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