Post Utme Madonna University 2020 Commerce Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2020 Commerce Objective / Multiple Choice
Question 20 POST_UTME_MADONNA_UNIVERSITY • 2020 • COMMERCE • objective

A firm's revenue function is given by R = 100Q - 2Q^2, where R is the revenue and Q is the quantity sold. If the firm wants to maximize its revenue, what quantity should it sell?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Madonna University 2020 Commerce Question 20. It is one of the objective questions from the 2020 Post Utme Madonna University Commerce examination.

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