Post Utme Rhema University 2019 Economics Question 45

Practice objective / multiple choice question 45 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice
Question 45 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2. If the firm's marginal revenue is MR = 50 - 2Q, what is the firm's optimal level of output?

Answer Options

A. Q = 20
B. Q = 30
Correct Answer C. Q = 40
D. Q = 50
Correct Answer
C
Correct Option:
Q = 40

About This Question

This is Post Utme Rhema University 2019 Economics Question 45. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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