Post Utme Greenfield University 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ECONOMICS • objective

A firm is producing a product with the following total revenue and total \cost functions: TR = 100q - 2q^2 and TC = 50 + 20q. What is the profit-maximizing quantity of the product?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.

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