Post Utme Al Hikmah University 2020 Economics Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2020 Economics Objective / Multiple Choice
Question 30 POST_UTME_AL-HIKMAH_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2Q, where C is the \cost and Q is the quantity produced. If the firm's revenue function is given by R = 200Q, what is the firm's profit-maximizing quantity?

Answer Options

A. 50 units
B. 100 units
Correct Answer C. 150 units
D. 200 units
Correct Answer
C
Correct Option:
150 units

About This Question

This is Post Utme Al Hikmah University 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Economics examination.

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