Post Utme Unilag 2019 Commerce Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Unilag Commerce examination.

Post Utme Unilag 2019 Commerce Objective / Multiple Choice
Question 24 POST_UTME_UNILAG • 2019 • COMMERCE • objective

A firm's revenue function is given by R = 100Q - 2Q^2, where R is the revenue and Q is the quantity sold. If the firm wants to maximize its revenue, what quantity should it produce?

Answer Options

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

About This Question

This is Post Utme Unilag 2019 Commerce Question 24. It is one of the objective questions from the 2019 Post Utme Unilag Commerce examination.

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