Post Utme Lautech 2021 Economics Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Lautech Economics examination.

Post Utme Lautech 2021 Economics Objective / Multiple Choice
Question 38 POST_UTME_LAUTECH • 2021 • ECONOMICS • objective

A firm is operating 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 output?

Answer Options

Correct Answer A. 100
B. 200
C. 300
D. 400
Correct Answer
A
Correct Option:
100

About This Question

This is Post Utme Lautech 2021 Economics Question 38. It is one of the objective questions from the 2021 Post Utme Lautech Economics examination.

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