Post Utme Igbinedion University 2022 Economics Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2022 Economics Objective / Multiple Choice
Question 10 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2x + 3x^2, where x is the number of units produced. If the firm's revenue function is R = 200x - 2x^2, find the value of x that maximizes profit.

Answer Options

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

About This Question

This is Post Utme Igbinedion University 2022 Economics Question 10. It is one of the objective questions from the 2022 Post Utme Igbinedion University 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