Post Utme Uniport 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Uniport Economics examination.

Post Utme Uniport 2019 Economics Objective / Multiple Choice

Question 5 POST_UTME_UNIPORT • 2019 • ECONOMICS • objective

A firm's \cost function is given by C = 10q + 20q^2, where q is the quantity produced. If the firm's revenue function is R = 15q + 30q^2, find the profit-maximizing value of q.

Answer Options

A. q = 5

Correct Answer B. q = 10

C. q = 15

D. q = 20

Correct Answer

Correct Option:

q = 10

About This Question

This is Post Utme Uniport 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Uniport Economics examination.

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