Post Utme Ksu 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 4 POST_UTME_KSU • 2021 • ECONOMICS • objective

A firm is producing a product with the following \cost function: C(q) = 2q^2 + 5q + 10. The firm's revenue function is R(q) = 10q. What is the firm's profit-maximizing quantity?

Answer Options

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

About This Question

This is Post Utme Ksu 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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