Post Utme Elizade University 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2025 Economics Objective / Multiple Choice
Question 15 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's \cost function is given by C(Q) = 150 + 3Q + 0.2Q^2. If the firm's revenue function is R(Q) = 300Q - 1Q^2, find the firm's profit-maximizing quantity and price.

Answer Options

A. Q = 20, P = 90
B. Q = 30, P = 80
Correct Answer C. Q = 40, P = 70
D. Q = 50, P = 60
Correct Answer
C
Correct Option:
Q = 40, P = 70

About This Question

This is Post Utme Elizade University 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Elizade University Economics examination.

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