Post Utme Covenant University 2023 Economics Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2023 Economics Objective / Multiple Choice

Question 12 POST_UTME_COVENANT_UNIVERSITY • 2023 • ECONOMICS • objective

A firm has a total revenue function of R(x) = 3x^2 + 2x + 1 and a total \cost function of C(x) = 2x^2 + 3x - 1. Find the profit-maximizing level of output.

Answer Options

A. x = 1

B. x = 2

Correct Answer C. x = 3

D. x = 4

Correct Answer

Correct Option:

x = 3

About This Question

This is Post Utme Covenant University 2023 Economics Question 12. It is one of the objective questions from the 2023 Post Utme Covenant University Economics examination.

View More Post Utme Covenant University 2023 Economics Questions More Post Utme Covenant University Practice Questions Back to Questions

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