Post Utme Bsu 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Bsu Economics examination.

Post Utme Bsu 2017 Economics Objective / Multiple Choice
Question 22 POST_UTME_BSU • 2017 • ECONOMICS • objective

A firm is producing a good with a total revenue (TR) of 1000 and a total \cost (TC) of 800. If the firm's marginal revenue (MR) is 20 and its marginal \cost (MC) is 10, what is the firm's profit-maximizing quantity?

Answer Options

Correct Answer A. \( Q = 20 \)
B. \( Q = 30 \)
C. \( Q = 40 \)
D. \( Q = 50 \)
Correct Answer
A
Correct Option:
\( Q = 20 \)

About This Question

This is Post Utme Bsu 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Bsu Economics examination.

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