Post Utme Summit University 2020 Economics Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Summit University Economics examination.

Post Utme Summit University 2020 Economics Objective / Multiple Choice

Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's total revenue is given by TR = 100Q - 2Q^2. If the firm's marginal revenue is MR = 100 - 4Q, what is the optimal quantity to maximize profits?

Answer Options

A. Q = 10

Correct Answer B. Q = 15

C. Q = 20

D. Q = 25

Correct Answer

Correct Option:

Q = 15

About This Question

This is Post Utme Summit University 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.

View More Post Utme Summit University 2020 Economics Questions More Post Utme Summit University Practice Questions Back to Questions

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