Post Utme Rhema University 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 22 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A perfectly competitive firm produces a good with a cons\tant marginal \cost of ₦100 per unit. If the market price is ₦120 per unit, what is the firm's profit-maximizing quantity of output?

Answer Options

A. 100 units
B. 120 units
Correct Answer C. 150 units
D. 200 units
Correct Answer
C
Correct Option:
150 units

About This Question

This is Post Utme Rhema University 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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