Post Utme Ims U 2022 Economics Question 6
Practice objective / multiple choice question 6 from the 2022 Post Utme Ims U Economics examination.
A firm operating in a perfectly competitive market is faced with a downward-sloping demand curve. If the firm increases its output from 100 units to 120 units, its total revenue increases by ₦120,000. However, its total \cost increases by ₦80,000. What is the firm's profit-maximizing output?
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About This Question
This is Post Utme Ims U 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.
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