Post Utme Skyline University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 2x^2 + 5x + 1, where x is the number of units produced. If the firm's revenue function is R(x) = 4x^2 + 5x + 1, find the value of x that minimizes \cost.

Answer Options

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

About This Question

This is Post Utme Skyline University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

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