Post Utme Crawford University 2019 Economics Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice
Question 11 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is operating under perfect competition. If the market price of its product falls from ₦100 to ₦80, and its \cost function is given by C(q) = 2q^2 + 10q + 50, what is the new profit-maximizing quantity of output?

Answer Options

A. 20 units
Correct Answer B. 30 units
C. 40 units
D. 50 units
Correct Answer
B
Correct Option:
30 units

About This Question

This is Post Utme Crawford University 2019 Economics Question 11. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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