Post Utme Summit University 2017 Commerce Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Summit University Commerce examination.

Post Utme Summit University 2017 Commerce Objective / Multiple Choice
Question 20 POST_UTME_SUMMIT_UNIVERSITY • 2017 • COMMERCE • objective

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

Answer Options

A. 2 units
B. 3 units
Correct Answer C. 4 units
D. 5 units
Correct Answer
C
Correct Option:
4 units

About This Question

This is Post Utme Summit University 2017 Commerce Question 20. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.

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