Post Utme Uniport 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Uniport Economics examination.

Post Utme Uniport 2024 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNIPORT • 2024 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 10q + 5. If the firm's revenue function is R(q) = 20q, what is the profit-maximizing quantity of output?

Answer Options

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

About This Question

This is Post Utme Uniport 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.

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