Post Utme Unilag 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Unilag Economics examination.

Post Utme Unilag 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNILAG • 2017 • ECONOMICS • objective
Post Utme Unilag 2017 Economics Question 2 diagram

A firm's \cost function is given by C(q) = 10q^2 + 20q + 100. If the firm's revenue function is R(q) = 20q^2 - 10q + 100, what is the profit-maximizing level of output?

Answer Options

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

About This Question

This is Post Utme Unilag 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Unilag Economics examination.

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