Post Utme Crawford University 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

A farmer produces wheat and sells it at a price of \( P = 10 \) per unit. If the \cost of production is \( C = 5x^2 + 10x + 5 \), where ( x ) is the number of units produced, what is the profit-maximizing quantity?

Answer Options

A. \( x = 5 \)
Correct Answer B. \( x = 10 \)
C. \( x = 15 \)
D. \( x = 20 \)
Correct Answer
B
Correct Option:
\( x = 10 \)

About This Question

This is Post Utme Crawford University 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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