Post Utme Noun 2022 Economics Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Noun Economics examination.

Post Utme Noun 2022 Economics Objective / Multiple Choice
Question 33 POST_UTME_NOUN • 2022 • ECONOMICS • objective

A firm is producing a good with a marginal revenue function of MR = 100 - 2Q and a marginal \cost function of MC = 50 + Q. What is the profit-maximizing quantity of the good?

Answer Options

A. 25
B. 30
Correct Answer C. 35
D. 40
Correct Answer
C
Correct Option:
35

About This Question

This is Post Utme Noun 2022 Economics Question 33. It is one of the objective questions from the 2022 Post Utme Noun Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support