Post Utme Wellspring University 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_WELLSPRING_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 10q + 5. If the firm's revenue function is given by R(q) = 20q, what is the firm's profit-maximizing output level?

Answer Options

A. q = 2
Correct Answer B. q = 5
C. q = 10
D. q = 15
Correct Answer
B
Correct Option:
q = 5

About This Question

This is Post Utme Wellspring University 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Wellspring University Economics examination.

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