Post Utme Uniben 2019 Economics Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Uniben Economics examination.

Post Utme Uniben 2019 Economics Objective / Multiple Choice
Question 9 POST_UTME_UNIBEN • 2019 • ECONOMICS • objective

A firm has a total revenue function given by TR = 100Q - 2Q^2. If the firm's fixed \cost is ₦500, and its variable \cost is ₦20 per unit, what is the profit-maximizing level of output?

Answer Options

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

About This Question

This is Post Utme Uniben 2019 Economics Question 9. It is one of the objective questions from the 2019 Post Utme Uniben Economics examination.

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