Post Utme Unn 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Unn Economics examination.

Post Utme Unn 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNN • 2018 • ECONOMICS • objective

A firm operating in a perfectly competitive market has a \cost function given by C(Q) = 10 + 2Q. If the market price is P = 20, determine the firm's profit-maximizing output level.

Answer Options

A. \( Q = 5 \)
Correct Answer B. \( Q = 10 \)
C. \( Q = 15 \)
D. \( Q = 20 \)
Correct Answer
B
Correct Option:
\( Q = 10 \)

About This Question

This is Post Utme Unn 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.

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