Post Utme Lautech 2017 Commerce Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Lautech Commerce examination.

Post Utme Lautech 2017 Commerce Objective / Multiple Choice
Question 3 POST_UTME_LAUTECH • 2017 • COMMERCE • objective

A firm's revenue function is given by R(x) = 100x - 2x^2, where x is the number of units sold. If the firm wants to maximize its revenue, how many units should it produce?

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 Lautech 2017 Commerce Question 3. It is one of the objective questions from the 2017 Post Utme Lautech Commerce examination.

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