Post Utme Nile University 2020 Economics Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Nile University Economics examination.

Post Utme Nile University 2020 Economics Objective / Multiple Choice
Question 16 POST_UTME_NILE_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's total revenue (TR) and total \cost (TC) are given by the following equations: TR = 100q - 2q^2 and TC = 50q + 5q^2. What is the profit-maximizing level of output \( q* \) if the firm's price (P) is $10?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Nile University 2020 Economics Question 16. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.

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