Post Utme Redeemers University 2017 Economics Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 31 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

A firm operating in a perfectly competitive market has a total revenue function given by TR = 100x - 2x^2, where x is the number of units sold. If the firm's marginal revenue is 50, what is 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 Redeemers University 2017 Economics Question 31. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

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