Post Utme Osustech 2019 Economics Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Osustech Economics examination.

Post Utme Osustech 2019 Economics Objective / Multiple Choice
Question 21 POST_UTME_OSUSTECH • 2019 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 10q + 100. If the firm's revenue function is R(q) = 20q, what is the profit-maximizing quantity of output?

Answer Options

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

About This Question

This is Post Utme Osustech 2019 Economics Question 21. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.

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