Post Utme Redeemers University 2018 Economics Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2018 Economics Objective / Multiple Choice
Question 10 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing a good with a production function F(x) = 3x^2 + 2x + 1, where x is the number of units produced. If the firm's objective is to minimize \costs, what is the optimal level of production?

Answer Options

A. 1 unit
B. 2 units
Correct Answer C. 3 units
D. 4 units
Correct Answer
C
Correct Option:
3 units

About This Question

This is Post Utme Redeemers University 2018 Economics Question 10. It is one of the objective questions from the 2018 Post Utme Redeemers University Economics examination.

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