Post Utme Wellspring University 2021 Commerce Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2021 Commerce Objective / Multiple Choice
Question 38 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • COMMERCE • objective

A firm is producing a good with the following cost function: C(q) = 2q^2 + 10q + 100. If the firm's revenue function is R(q) = 20q, what is the profit-maximizing quantity of the good?

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 Wellspring University 2021 Commerce Question 38. It is one of the objective questions from the 2021 Post Utme Wellspring University Commerce examination.

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