Post Utme Redeemers University 2018 Commerce Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2018 Commerce Objective / Multiple Choice
Question 29 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • COMMERCE • objective

A firm's revenue function is given by R = 100Q - 2Q^2, where R is revenue and Q is output. If the firm wants to maximize revenue, what is the optimal level of output?

Answer Options

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

About This Question

This is Post Utme Redeemers University 2018 Commerce Question 29. It is one of the objective questions from the 2018 Post Utme Redeemers University Commerce 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