Post Utme Caleb University 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2025 Economics Objective / Multiple Choice
Question 17 POST_UTME_CALEB_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is producing a good with the following \cost and revenue functions: C(q) = 2q^2 + 10q + 5 and R(q) = 3q^2 - 2q + 1. Find the profit-maximizing quantity of the good.

Answer Options

A. q = 1
B. q = 2
Correct Answer C. q = 3
D. q = 4
Correct Answer
C
Correct Option:
q = 3

About This Question

This is Post Utme Caleb University 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.

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