Post Utme Oau 2023 Economics Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Oau Economics examination.

Post Utme Oau 2023 Economics Objective / Multiple Choice
Question 2 POST_UTME_OAU • 2023 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 10x. If the firm's fixed \cost is ₦500, determine the profit-maximizing level of output.

Answer Options

A. x = 5
Correct Answer B. x = 10
C. x = 15
D. x = 20
Correct Answer
B
Correct Option:
x = 10

About This Question

This is Post Utme Oau 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.

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