Post Utme Esut 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 13 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 100 + 2x^2. If the firm's revenue function is R(x) = 100x - 2x^2, find the value of x that minimizes \cost.

Answer Options

Correct Answer A. 10
B. 20
C. 30
D. 40
Correct Answer
A
Correct Option:
10

About This Question

This is Post Utme Esut 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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