Post Utme Veritas University 2025 Commerce Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2025 Commerce Objective / Multiple Choice
Question 14 POST_UTME_VERITAS_UNIVERSITY • 2025 • COMMERCE • objective

A firm's revenue function is given by R = 100L - 2L^2. If the firm's marginal revenue is 50 per unit, what is the optimal level of production?

Answer Options

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

About This Question

This is Post Utme Veritas University 2025 Commerce Question 14. It is one of the objective questions from the 2025 Post Utme Veritas University Commerce examination.

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