Post Utme Unn 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_UNN • 2023 • ECONOMICS • objective

A firm is producing a good with the following \cost and revenue functions: C(q) = 10 + 2q and R(q) = 20q. U\sing the concept of profit maximization, find the level of output that will maximize the firm's profit.

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 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

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