Post Utme Delsu 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Delsu Economics examination.

Post Utme Delsu 2019 Economics Objective / Multiple Choice

Question 13 POST_UTME_DELSU • 2019 • ECONOMICS • objective

A firm has a total revenue function given by TR = 2Q^2 - 10Q + 20 and a total \cost function given by TC = Q^2 + 5Q + 10. Determine the profit-maximizing quantity and price.

A. Q = 5, P = ₦10

Correct Answer B. Q = 10, P = ₦20

C. Q = 15, P = ₦30

D. Q = 20, P = ₦40

Correct Answer

Correct Option:

Q = 10, P = ₦20

This is Post Utme Delsu 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Delsu Economics examination.

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