Post Utme Lasu 2022 Economics Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Lasu Economics examination.

Post Utme Lasu 2022 Economics Objective / Multiple Choice
Question 6 POST_UTME_LASU • 2022 • ECONOMICS • objective

A firm's \cost function is given by ( C(q) = 2q^2 + 5q + 10 ). If the firm's revenue function is ( R(q) = 3q^2 - 2q + 15 ), what is the profit-maximizing quantity 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 Lasu 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Lasu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support