Post Utme Bowen University 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2019 Economics Objective / Multiple Choice
Question 18 POST_UTME_BOWEN_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 2x^2 + 10x + 5, where x is the number of units produced. If the firm's revenue function is R(x) = 4x^2 + 10x + 5, find the value of x that minimizes the firm's \cost.

Answer Options

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

About This Question

This is Post Utme Bowen University 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.

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