Post Utme Veritas University 2022 Economics Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2022 Economics Objective / Multiple Choice
Question 8 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm has a total revenue function given by \( TR = 100Q - 2Q^2 \). The firm's total \cost function is given by \( TC = 50 + 5Q + Q^2 \). What is the firm's profit-maximizing quantity?

Answer Options

A. \( Q = 10 \)
Correct Answer B. \( Q = 15 \)
C. \( Q = 20 \)
D. \( Q = 25 \)
Correct Answer
B
Correct Option:
\( Q = 15 \)

About This Question

This is Post Utme Veritas University 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Veritas University Economics examination.

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