Post Utme Bells University 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Bells University Economics examination.

Post Utme Bells University 2022 Economics Objective / Multiple Choice
Question 21 POST_UTME_BELLS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 5x + 1, where x is the number of units produced. If the firm's total \cost function is given by C(x) = 3x^2 + 2x + 10, find the profit-maximizing level of production.

Answer Options

Correct Answer A. \( \frac{-5 \pm \sqrt{5^2 - 4\( 2 \ \)(1)}}{2(2)} \)
B. \( \frac{-5 \pm \sqrt{5^2 - 4\( 2 \ \)(10)}}{2(2)} \)
C. \( \frac{-5 \pm \sqrt{5^2 - 4\( 3 \ \)(1)}}{2(3)} \)
D. \( \frac{-5 \pm \sqrt{5^2 - 4\( 3 \ \)(10)}}{2(3)} \)
Correct Answer
A
Correct Option:
\( \frac{-5 \pm \sqrt{5^2 - 4\( 2 \ \)(1)}}{2(2)} \)

About This Question

This is Post Utme Bells University 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Bells University Economics examination.

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