Post Utme Esut 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Esut Economics examination.

Post Utme Esut 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_ESUT • 2024 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. If the market price is $10 and the firm's marginal \cost is $8, what is the firm's profit-maximizing quantity?

Answer Options

A. 100 units
Correct Answer B. 200 units
C. 500 units
D. 1000 units
Correct Answer
B
Correct Option:
200 units

About This Question

This is Post Utme Esut 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Esut Economics examination.

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