Post Utme Lead City University 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 5x + 1, where x is the number of units produced. If the firm's \cost function is C(x) = 3x^2 + 2x + 5, and the government imposes a tax of ₦5 per unit on the firm's output, find the new break-even point.

Answer Options

A. \( x = \frac{-5 pm \sqrt{5^2 - 4\( 2 \ \)(1)}}{2(2)} )
Correct Answer B. \( x = \frac{-5 pm \sqrt{5^2 - 4\( 2 \ \)(5)}}{2(2)} )
C. \( x = \frac{-5 pm \sqrt{5^2 - 4\( 3 \ \)(1)}}{2(3)} )
D. \( x = \frac{-5 pm \sqrt{5^2 - 4\( 3 \ \)(5)}}{2(3)} )
Correct Answer
B
Correct Option:
\( x = \frac{-5 pm \sqrt{5^2 - 4\( 2 \ \)(5)}}{2(2)} )

About This Question

This is Post Utme Lead City University 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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