Post Utme Unn 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNN • 2024 • ECONOMICS • objective

A firm's revenue function is given by \( R = 100Q - 2Q^2 \). If the firm's \cost function is \( C = 20 + 5Q \), what is the profit-maximizing quantity of the product?

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 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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