Post Utme Achievers University 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2021 Economics Objective / Multiple Choice
Question 10 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ECONOMICS • objective

A firm is producing a good with the following \cost function: C(q) = 2q^2 + 10q + 100. If the firm's revenue function is R(q) = 20q, what is the profit-maximizing output level?

Answer Options

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

About This Question

This is Post Utme Achievers University 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Achievers University Economics examination.

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