Post Utme Osustech 2020 Economics Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice
Question 21 POST_UTME_OSUSTECH • 2020 • ECONOMICS • objective

A firm is producing a good with the following \cost and revenue functions: C(x) = 2x^2 + 10x + 5 and R(x) = 3x^2 - 2x + 1. Find the profit-maximizing level of production.

Answer Options

A. x = 1
Correct Answer B. x = 2
C. x = 3
D. x = 4
Correct Answer
B
Correct Option:
x = 2

About This Question

This is Post Utme Osustech 2020 Economics Question 21. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

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