Post Utme Ui 2018 Economics Question 1

Practice objective / multiple choice question 1 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice
Question 1 POST_UTME_UI • 2018 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 5x + 1, where x is the number of units produced. If the firm's marginal revenue function is MR(x) = 4x + 5, find the value of x that maximizes revenue.

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Ui 2018 Economics Question 1. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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