Post Utme Madonna University 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice

Question 23 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

A. x = 5

Correct Answer B. x = 10

C. x = 15

D. x = 20

Correct Answer

Correct Option:

x = 10

About This Question

This is Post Utme Madonna University 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

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