Post Utme Crawford University 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2020 Economics Objective / Multiple Choice

Question 17 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 10q + 5. U\sing the concept of marginal \cost, determine the profit-maximizing quantity of output.

Answer Options

A. q = 2

Correct Answer B. q = 5

C. q = 10

D. q = 15

Correct Answer

Correct Option:

q = 5

About This Question

This is Post Utme Crawford University 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Crawford University Economics examination.

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