Post Utme Nile University 2022 Economics Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 36 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

A firm operating in a perfectly competitive market has a \cost function given by C(q) = 2q^2 + 10q. If the market price is P = 20, what is the firm's profit-maximizing output?

Answer Options

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

About This Question

This is Post Utme Nile University 2022 Economics Question 36. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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