Post Utme Lasu 2021 Economics Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice
Question 11 POST_UTME_LASU • 2021 • ECONOMICS • objective

A firm operating under perfect competition has a \cost function given by C(q) = 2q^2 + 10q. If the market price is $15, what is the firm's profit-maximizing quantity?

Answer Options

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

About This Question

This is Post Utme Lasu 2021 Economics Question 11. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

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