Post Utme Uniben 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Uniben Economics examination.

Post Utme Uniben 2021 Economics Objective / Multiple Choice
Question 37 POST_UTME_UNIBEN • 2021 • ECONOMICS • objective

A firm has a total revenue function of TR = 100x - 2x^2 and a total \cost function of TC = 50x + 10x^2. What is the profit-maximizing level of output?

Answer Options

A. 10 units
Correct Answer B. 20 units
C. 30 units
D. 40 units
Correct Answer
B
Correct Option:
20 units

About This Question

This is Post Utme Uniben 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Uniben Economics examination.

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