Post Utme Skyline University 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's \cost function is given by (C(q) = 10q + 100). If the firm's revenue function is (R(q) = 20q), what is the profit-maximizing quantity of the product?

Answer Options

A. \( q = 5 \)
Correct Answer B. \( q = 10 \)
C. \( q = 15 \)
D. \( q = 20 \)
Correct Answer
B
Correct Option:
\( q = 10 \)

About This Question

This is Post Utme Skyline University 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

View More Post Utme Skyline University 2018 Economics Questions More Post Utme Skyline University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support