Post Utme Crawford University 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • ECONOMICS • objective

A firm produces a product with a total revenue of ₦1000 and a total \cost of ₦800. If the firm's marginal revenue is ₦20 and its marginal \cost is ₦15, what is the firm's profit-maximizing quantity of output?

Answer Options

A. 20 units
B. 30 units
Correct Answer C. 40 units
D. 50 units
Correct Answer
C
Correct Option:
40 units

About This Question

This is Post Utme Crawford University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.

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