Post Utme Noun 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Noun Economics examination.

Post Utme Noun 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_NOUN • 2017 • ECONOMICS • objective

A perfectly competitive firm produces a good with a cons\tant marginal \cost of ₦10 per unit. If the market price is ₦20 per unit, what is the profit-maximizing quantity of the good?

Answer Options

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

About This Question

This is Post Utme Noun 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Noun Economics examination.

View More Post Utme Noun 2017 Economics Questions More Post Utme Noun Practice Questions Back to Questions

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