Post Utme Lautech 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

A firm operates in a perfectly competitive market. If the market price is $10 and the firm's marginal \cost is $8, what is the firm's profit-maximizing quantity?

Answer Options

A. 100 units
Correct Answer B. 200 units
C. 500 units
D. 1000 units
Correct Answer
B
Correct Option:
200 units

About This Question

This is Post Utme Lautech 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.

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