Post Utme Madonna University 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice
Question 37 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

A perfectly competitive firm produces a good with a cons\tant marginal \cost of ₦10 per unit. The market price of the good is ₦20 per unit. What is the profit-maximizing quantity of the good that the firm should produce?

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 Madonna University 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.

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