Post Utme Noun 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Noun Economics examination.

Post Utme Noun 2019 Economics Objective / Multiple Choice
Question 2 POST_UTME_NOUN • 2019 • ECONOMICS • objective

A firm is producing a good with a total revenue of ₦10 million and a total \cost of ₦8 million. If the firm's marginal revenue is ₦200,000 and its marginal \cost is ₦150,000, what is the firm's profit-maximizing quantity?

Answer Options

A. 5,000 units
Correct Answer B. 6,000 units
C. 7,000 units
D. 8,000 units
Correct Answer
B
Correct Option:
6,000 units

About This Question

This is Post Utme Noun 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.

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