Post Utme Osustech 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A firm's total revenue (TR) is given by the equation TR = 2x^2 + 5x + 3, where x is the quantity sold. If the firm's fixed \cost is $10 and its variable \cost is $2 per unit, what is the profit-maximizing quantity?

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 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support