Post Utme Lasu 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Lasu Economics examination.

Post Utme Lasu 2021 Economics Objective / Multiple Choice
Question 19 POST_UTME_LASU • 2021 • ECONOMICS • objective

A firm is producing at a point where its marginal \cost is equal to its marginal revenue. If the firm's marginal \cost is 10 and its marginal revenue is 20, what is the price at which the firm will produce 40 units?

Answer Options

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

About This Question

This is Post Utme Lasu 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Lasu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support