Post Utme Mountain Top University 2024 Economics Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2024 Economics Objective / Multiple Choice
Question 35 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's revenue function is given by R(q) = 20q - 0.5q^2. If the \cost function is given by C(q) = 2q^2 + 10q + 5, find the profit-maximizing quantity.

Answer Options

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

About This Question

This is Post Utme Mountain Top University 2024 Economics Question 35. It is one of the objective questions from the 2024 Post Utme Mountain Top University Economics examination.

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