Post Utme Lautech 2018 Economics Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice
Question 21 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

A firm has a total revenue function of \( TR = 100x - 2x^2 \) and a total \cost function of \( TC = 50x + 10x^2 \). Find the profit-maximizing output level.

Answer Options

A. 20 units
B. 30 units
Correct Answer C. 25 units
D. 40 units
Correct Answer
C
Correct Option:
25 units

About This Question

This is Post Utme Lautech 2018 Economics Question 21. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.

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