Post Utme Covenant University 2022 Economics Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2022 Economics Objective / Multiple Choice
Question 19 POST_UTME_COVENANT_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's revenue function is given by R(Q) = 100Q - 2Q^2. If the \cost function is C(Q) = 20Q + 10, find the profit-maximizing quantity.

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 Covenant University 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support