Post Utme Pan Atlantic University 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2019 Economics Objective / Multiple Choice
Question 38 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's total revenue is given by the equation TR = 100P^2 - 2000P + 10,000. If the firm's marginal revenue is ₦50 per unit, what is the price at which the firm is maximizing its revenue?

Answer Options

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

About This Question

This is Post Utme Pan Atlantic University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Economics examination.

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