Post Utme Madonna University 2023 Economics Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2023 Economics Objective / Multiple Choice
Question 39 POST_UTME_MADONNA_UNIVERSITY • 2023 • ECONOMICS • objective

A firm is producing a good with the following \cost and revenue functions: C(x) = 2x^2 + 10x + 5 and R(x) = 3x^2 - 2x + 1. Find the profit-maximizing level of output.

Answer Options

A. x = 1
Correct Answer B. x = 2
C. x = 3
D. x = 4
Correct Answer
B
Correct Option:
x = 2

About This Question

This is Post Utme Madonna University 2023 Economics Question 39. It is one of the objective questions from the 2023 Post Utme Madonna University Economics examination.

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