Post Utme Futo 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 9 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A firm operates in a perfectly competitive market with a demand curve given by Q = 100 - 2P. If the firm's \cost function is C(Q) = 2Q^2 + 10Q, what is the firm's profit-maximizing output?

Answer Options

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

About This Question

This is Post Utme Futo 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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