Post Utme Pan Atlantic University 2017 Economics Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2017 Economics Objective / Multiple Choice
Question 38 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • 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 total \cost (TC) is given by the equation TC = x^2 + 2x + 1, what is the profit-maximizing quantity?

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 Pan Atlantic University 2017 Economics Question 38. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Economics examination.

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