Post Utme Oau 2022 Economics Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Oau Economics examination.

Post Utme Oau 2022 Economics Objective / Multiple Choice
Question 31 POST_UTME_OAU • 2022 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a \cost function C(q) = 2q^2 + 10q + 5. If the market price is P = 20, calculate the firm's profit-maximizing output level.

Answer Options

A. 10
Correct Answer B. 15
C. 20
D. 25
Correct Answer
B
Correct Option:
15

About This Question

This is Post Utme Oau 2022 Economics Question 31. It is one of the objective questions from the 2022 Post Utme Oau Economics examination.

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