Post Utme Bowen University 2024 Economics Question 36

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

Post Utme Bowen University 2024 Economics Objective / Multiple Choice
Question 36 POST_UTME_BOWEN_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's total revenue is given by TR = 100x - 2x^2, and its total \cost is given by TC = 50x + 10x^2. What is the firm's profit-maximizing output?

Answer Options

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

About This Question

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

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