Post Utme Joseph Ayo Babalola University 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice
Question 38 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is producing a good with a marginal revenue product of ₦100 and a marginal factor \cost of ₦75. If the firm is producing 10 units of the good, what is the profit-maximizing quantity?

Answer Options

A. 10 units
Correct Answer B. 15 units
C. 20 units
D. 25 units
Correct Answer
B
Correct Option:
15 units

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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