Post Utme Igbinedion University 2025 Commerce Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2025 Commerce Objective / Multiple Choice
Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • COMMERCE • objective

A firm exports a product to a foreign country. The firm's export function is given by the equation ( E = 2X^2 + 3Y^2 ), where E is the export quantity, X is the domestic price, and Y is the foreign price. If the domestic price is 10 units and the foreign price is 5 units, what is the export quantity?

Answer Options

A. 50
B. 60
Correct Answer C. 70
D. 80
Correct Answer
C
Correct Option:
70

About This Question

This is Post Utme Igbinedion University 2025 Commerce Question 13. It is one of the objective questions from the 2025 Post Utme Igbinedion University Commerce examination.

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