Post Utme Joseph Ayo Babalola University 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's \cost function is given by C(Q) = 2Q^2 + 5Q + 10. If the firm's revenue function is given by R(Q) = 10Q^2 - 5Q + 20, what is the firm's profit-maximizing level of output?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

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