Post Utme Lautech 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_LAUTECH • 2024 • ECONOMICS • objective

A firm's total revenue (TR) is given by the equation TR = 100x - 2x^2, where x is the number of units sold. If the firm's marginal revenue (MR) is 80, find 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 Lautech 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.

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