Post Utme Oau 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Oau Economics examination.

Post Utme Oau 2022 Economics Objective / Multiple Choice
Question 3 POST_UTME_OAU • 2022 • ECONOMICS • objective

A firm's total revenue (TR) is given by TR = 100Q - 2Q^2. If the firm's total \cost (TC) is given by TC = 50Q + 10Q^2, what is the firm's profit-maximizing quantity?

Answer Options

Correct Answer A. \( Q = 5 \)
B. \( Q = 10 \)
C. \( Q = 15 \)
D. \( Q = 20 \)
Correct Answer
A
Correct Option:
\( Q = 5 \)

About This Question

This is Post Utme Oau 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Oau Economics examination.

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