Post Utme Christopher University 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 38 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a \cost function given by C(q) = 2q^2 + 10q. If the market price is P = 20, find the profit-maximizing quantity of 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 Christopher University 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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