Post Utme Bowen University 2018 Economics Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2018 Economics Objective / Multiple Choice
Question 28 POST_UTME_BOWEN_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's total revenue function is given by TR = 100x - 2x^2, where x is the quantity of output produced. If the firm's fixed \cost is ₦1000, find the profit-maximizing level of output.

Answer Options

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

About This Question

This is Post Utme Bowen University 2018 Economics Question 28. It is one of the objective questions from the 2018 Post Utme Bowen University Economics examination.

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