Post Utme Esut 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Esut Economics examination.

Post Utme Esut 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_ESUT • 2019 • ECONOMICS • objective

A firm has a total revenue function of TR = 100x - 2x^2 and a total \cost function of TC = 50 + 20x + 3x^2. What is the profit-maximizing level of output?

Answer Options

A. 5 units
B. 10 units
Correct Answer C. 15 units
D. 20 units
Correct Answer
C
Correct Option:
15 units

About This Question

This is Post Utme Esut 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Esut Economics examination.

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