Post Utme Futa 2020 Economics Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Futa Economics examination.

Post Utme Futa 2020 Economics Objective / Multiple Choice
Question 22 POST_UTME_FUTA • 2020 • ECONOMICS • objective

A firm is producing a good with the following \cost and revenue functions: C(q) = 2q^2 + 10q and R(q) = 3q^2 - 5q. What is the profit-maximizing quantity?

Answer Options

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

About This Question

This is Post Utme Futa 2020 Economics Question 22. It is one of the objective questions from the 2020 Post Utme Futa Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support