Post Utme Ims U 2020 Economics Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice
Question 37 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

A firm's marginal revenue function is given by MR(q) = 20 - 2q, where q is the quantity produced. If the firm's marginal \cost function is given by MC(q) = 10 + 3q, what is the profit-maximizing quantity?

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 Ims U 2020 Economics Question 37. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

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