Post Utme Caleb University 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2025 Economics Objective / Multiple Choice
Question 31 POST_UTME_CALEB_UNIVERSITY • 2025 • ECONOMICS • objective

A firm operating in a perfectly competitive market has a \cost function given by C(q) = 2q^2 + 10q. If the market price is P = 30, what is the profit-maximizing quantity of output?

Answer Options

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

About This Question

This is Post Utme Caleb University 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.

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