Post Utme Crawford University 2020 Economics Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2020 Economics Objective / Multiple Choice
Question 26 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a cons\tant average \cost (AC) of ₦100 per unit. If the market price (P) falls to ₦80 per unit, what will be the firm's new profit-maximizing output level?

Answer Options

A. 0 units
B. 100 units
C. 200 units
Correct Answer D. 500 units
Correct Answer
D
Correct Option:
500 units

About This Question

This is Post Utme Crawford University 2020 Economics Question 26. It is one of the objective questions from the 2020 Post Utme Crawford University Economics examination.

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