Post Utme Futa 2019 Economics Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Futa Economics examination.

Post Utme Futa 2019 Economics Objective / Multiple Choice
Question 6 POST_UTME_FUTA • 2019 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 2x^2 + 10x + 5. If the firm's revenue function is R(x) = 20x - 2x^2, find 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 Futa 2019 Economics Question 6. It is one of the objective questions from the 2019 Post Utme Futa Economics examination.

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