Post Utme Nile University 2024 Economics Question 21

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

Post Utme Nile University 2024 Economics Objective / Multiple Choice
Question 21 POST_UTME_NILE_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

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

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