Post Utme Delsu 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Delsu Economics examination.

Post Utme Delsu 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_DELSU • 2024 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a cons\tant marginal \cost (MC) of ₦100. The market price (P) is ₦120. If the firm's average total \cost (ATC) is ₦110, what is the firm's profit-maximizing output?

Answer Options

A. 10 units
Correct Answer B. 20 units
C. 30 units
D. 40 units
Correct Answer
B
Correct Option:
20 units

About This Question

This is Post Utme Delsu 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Delsu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support