Post Utme Veritas University 2023 Economics Question 41

Practice objective / multiple choice question 41 from the 2023 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2023 Economics Objective / Multiple Choice
Question 41 POST_UTME_VERITAS_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's \cost function is given by C(Q) = 100 + 2Q + 0.5Q^2. If the firm's revenue function is R(Q) = 200Q, what is the firm's profit-maximizing quantity?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Veritas University 2023 Economics Question 41. It is one of the objective questions from the 2023 Post Utme Veritas University Economics examination.

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