Post Utme Ui 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Ui Economics examination.

Post Utme Ui 2019 Economics Objective / Multiple Choice
Question 33 POST_UTME_UI • 2019 • ECONOMICS • objective

A firm's total revenue is given by TR = 100Q - 2Q^2. The marginal revenue function is given by MR = 100 - 4Q. Find the equilibrium quantity.

Answer Options

A. Q = 10
Correct Answer B. Q = 20
C. Q = 30
D. Q = 40
Correct Answer
B
Correct Option:
Q = 20

About This Question

This is Post Utme Ui 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.

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