Post Utme Veritas University 2022 Economics Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2022 Economics Objective / Multiple Choice
Question 26 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's total revenue is given by the equation TR = 100q - 2q^2, where q is the quantity sold. If the firm's marginal revenue is 50, what is the value of q?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Veritas University 2022 Economics Question 26. It is one of the objective questions from the 2022 Post Utme Veritas University Economics examination.

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