Waec Model Questions Vol1 2024 Economics Question 17
Practice objective / multiple choice question 17 from the 2024 Waec Model Questions Vol1 Economics examination.
A firm's total cost (TC) of producing Q units is given by TC = 2000 + 5Q + 0.1Q² (₦). The market price per unit is ₦50 for output up to 200 units, but falls to ₦45 for any output above 200 units. Determine the output level that maximizes the firm's profit and state the profit at that output.
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About This Question
This is Waec Model Questions Vol1 2024 Economics Question 17. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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