Post Utme Rhema University 2018 Commerce Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2018 Commerce Objective / Multiple Choice
Question 33 POST_UTME_RHEMA_UNIVERSITY • 2018 • COMMERCE • objective

A firm's cost function is given by C(Q) = 2Q^2 + 100Q + 1000. If the firm's revenue function is given by R(Q) = 10Q, what is the firm's profit-maximizing output level?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Rhema University 2018 Commerce Question 33. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.

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