Post Utme Noun 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A firm has a production function F(Q) = 2Q^2 + 5Q. The price of the good is ₦100. Find the firm's profit-maximizing quantity and revenue.

Answer Options

A. 25 units, ₦2500
Correct Answer B. 50 units, ₦5000
C. 75 units, ₦7500
D. 100 units, ₦10000
Correct Answer
B
Correct Option:
50 units, ₦5000

About This Question

This is Post Utme Noun 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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