Post Utme Pan Atlantic University 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice
Question 24 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2Q, where C is the total \cost and Q is the quantity produced. The firm's revenue function is given by R = 200 - 2Q. Find the quantity at which the firm's profit is maximized.

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

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