Post Utme Greenfield University 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦200,000 and a total \cost of ₦150,000. The firm's marginal revenue is ₦10,000 and its marginal \cost is ₦5,000. What is the firm's profit-maximizing output?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Greenfield University Economics examination.

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