Post Utme Veritas University 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2019 Economics Objective / Multiple Choice
Question 27 POST_UTME_VERITAS_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is producing a good with the following \cost and revenue functions: C(x) = 2x^2 + 10x + 5 and R(x) = 3x^2 - 2x + 1. U\sing the concept of profit maximization, find the level of production that will maximize the firm's profit.

Answer Options

A. x = 1
Correct Answer B. x = 2
C. x = 3
D. x = 4
Correct Answer
B
Correct Option:
x = 2

About This Question

This is Post Utme Veritas University 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Veritas University Economics examination.

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