Post Utme Lautech 2023 Economics Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Lautech Economics examination.

Post Utme Lautech 2023 Economics Objective / Multiple Choice
Question 4 POST_UTME_LAUTECH • 2023 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. If the market price is ₦100 and the firm's marginal revenue is ₦120, what is the firm's profit-maximizing output?

Answer Options

A. 10 units
B. 20 units
Correct Answer C. 30 units
D. 40 units
Correct Answer
C
Correct Option:
30 units

About This Question

This is Post Utme Lautech 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Lautech Economics examination.

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