Post Utme Afe Babalola University 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2017 Economics Objective / Multiple Choice

Question 7 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 2x^2 + 10x + 5. If the firm's revenue function is given by R(x) = 3x^2 - 2x + 1, what is the firm's profit-maximizing output level?

Answer Options

A. x = 1

B. x = 2

Correct Answer C. x = 3

D. x = 4

Correct Answer

Correct Option:

x = 3

About This Question

This is Post Utme Afe Babalola University 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.

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