Post Utme Lautech 2022 Economics Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Lautech Economics examination.

Post Utme Lautech 2022 Economics Objective / Multiple Choice
Question 36 POST_UTME_LAUTECH • 2022 • ECONOMICS • objective

A firm's revenue function is given by R(Q) = 2Q^2 - 10Q + 100. Find the profit-maximizing quantity and price.

Answer Options

A. 20 units, ₦120
Correct Answer B. 30 units, ₦100
C. 40 units, ₦80
D. 50 units, ₦60
Correct Answer
B
Correct Option:
30 units, ₦100

About This Question

This is Post Utme Lautech 2022 Economics Question 36. It is one of the objective questions from the 2022 Post Utme Lautech Economics examination.

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