Post Utme Wellspring University 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's total revenue is given by the equation TR = 100x - 2x^2, where x is the number of units sold. If the firm's total \cost is given by the equation TC = 50x + 100, find the profit-maximizing level of output.

Answer Options

A. 20 units
B. 30 units
Correct Answer C. 40 units
D. 50 units
Correct Answer
C
Correct Option:
40 units

About This Question

This is Post Utme Wellspring University 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Wellspring University Economics examination.

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