Post Utme Madonna University 2024 Commerce Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2024 Commerce Objective / Multiple Choice
Question 10 POST_UTME_MADONNA_UNIVERSITY • 2024 • COMMERCE • objective

A firm has the following revenue function: R = 2x + 3y, where x and y are the quantities of two goods. If the firm wants to maximize its revenue, which of the following points lies on the revenue function?

Answer Options

A. (2, 2)
Correct Answer B. (3, 3)
C. (4, 4)
D. (5, 5)
Correct Answer
B
Correct Option:
(3, 3)

About This Question

This is Post Utme Madonna University 2024 Commerce Question 10. It is one of the objective questions from the 2024 Post Utme Madonna University Commerce examination.

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