Post Utme Madonna University 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 21 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 2x^2 + 10x + 5. If the firm's revenue function is R(x) = 20x - x^2, find the profit-maximizing level of output.

Answer Options

A. x = 5
Correct Answer B. x = 10
C. x = 15
D. x = 20
Correct Answer
B
Correct Option:
x = 10

About This Question

This is Post Utme Madonna University 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

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