Post Utme Ksu 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Ksu Economics examination.

Post Utme Ksu 2019 Economics Objective / Multiple Choice
Question 18 POST_UTME_KSU • 2019 • ECONOMICS • objective

A firm's total revenue function is given by TR = 2x^2 + 5x, where x is the quantity of the good produced. Find the marginal revenue function and the average revenue function.

Answer Options

Correct Answer A. MR = 4x + 5, AR = 2 + 5/x
B. MR = 4x - 5, AR = 2 - 5/x
C. MR = 4x + 5, AR = 2 - 5/x
D. MR = 4x - 5, AR = 2 + 5/x
Correct Answer
A
Correct Option:
MR = 4x + 5, AR = 2 + 5/x

About This Question

This is Post Utme Ksu 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Ksu Economics examination.

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