Post Utme Nile University 2017 Economics Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Nile University Economics examination.

Post Utme Nile University 2017 Economics Objective / Multiple Choice
Question 17 POST_UTME_NILE_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's revenue function is given by the equation R = 2Q^2, where R is the revenue and Q is the quantity sold. If the firm wants to maximize its revenue, what is the optimal level of quantity sold?

Answer Options

A. Q = 10
Correct Answer B. Q = 20
C. Q = 30
D. Q = 40
Correct Answer
B
Correct Option:
Q = 20

About This Question

This is Post Utme Nile University 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Nile University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support