Post Utme Ims U 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Ims U Economics examination.

Post Utme Ims U 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_IMS_U • 2023 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. The firm's \cost function is given by ( C(Q) = 100 + 2Q ). If the market price is ₦50, find the firm's optimal output level.

Answer Options

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

About This Question

This is Post Utme Ims U 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.

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