Post Utme Lautech 2024 Commerce Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Lautech Commerce examination.

Post Utme Lautech 2024 Commerce Objective / Multiple Choice

Question 31 POST_UTME_LAUTECH • 2024 • COMMERCE • objective

Determine the optimal production level for a sole trader in a competitive market, given the following cost and revenue functions: C(x) = 2x^2 + 10x + 50 and R(x) = 3x^2 - 5x + 20.

Answer Options

A. x = 2

Correct Answer B. x = 3

C. x = 4

D. x = 5

Correct Answer

Correct Option:

x = 3

About This Question

This is Post Utme Lautech 2024 Commerce Question 31. It is one of the objective questions from the 2024 Post Utme Lautech Commerce examination.

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