Post Utme Futo 2018 Economics Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice
Question 3 POST_UTME_FUTO • 2018 • ECONOMICS • objective

A firm's total revenue (TR) is given by TR = 100Q - 2Q^2. If the firm's marginal \cost (MC) is given by MC = 10 + 2Q, what is the firm's optimal output?

Answer Options

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

About This Question

This is Post Utme Futo 2018 Economics Question 3. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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