Post Utme Pan Atlantic University 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2019 Economics Objective / Multiple Choice

Question 39 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's \cost function is given by C(Q) = 100 + 20Q + 2Q^2. If the firm's revenue function is given by R(Q) = 200Q - 10Q^2, what is the profit-maximizing quantity?

Answer Options

A. Q = 10

Correct Answer B. Q = 20

C. Q = 30

D. Q = 40

Correct Answer

Correct Option:

Q = 20

About This Question

This is Post Utme Pan Atlantic University 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Economics examination.

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