Post Utme Wellspring University 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2022 Economics Objective / Multiple Choice
Question 27 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ECONOMICS • objective

A firm is producing a good with the following \cost function: C(q) = 2q^2 + 10q + 100. If the price of the good is $5, what is the profit-maximizing quantity of the good?

Answer Options

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

About This Question

This is Post Utme Wellspring University 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Wellspring University Economics examination.

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