Post Utme Uniport 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Uniport Economics examination.

Post Utme Uniport 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_UNIPORT • 2020 • ECONOMICS • objective

A firm's total revenue (TR) is given by the equation TR = 100q - 2q^2, where q is the quantity sold. If the firm's marginal revenue (MR) is 80, find the value of q.

Answer Options

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

About This Question

This is Post Utme Uniport 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Uniport Economics examination.

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