Post Utme Babcock University 2024 Economics Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 36 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's \cost function is given by the equation C(Q) = 2Q^2 + 10Q + 100, where C(Q) is the total \cost and Q is the quantity produced. If the firm's revenue function is given by the equation R(Q) = 3Q^2 - 5Q + 50, what is the firm's profit-maximizing quantity?

Answer Options

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

About This Question

This is Post Utme Babcock University 2024 Economics Question 36. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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