Post Utme Redeemers University 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's total revenue is given by TR = 100x - 2x^2, and its total \cost is given by TC = 50x + 100. Find the firm's profit-maximizing output.

Answer Options

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

About This Question

This is Post Utme Redeemers University 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Redeemers University Economics examination.

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