Post Utme Veritas University 2022 Economics Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2022 Economics Objective / Multiple Choice
Question 40 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 5x + 10, 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. 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 40. It is one of the objective questions from the 2022 Post Utme Veritas University Economics examination.

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