Gce Model Questions Vol1 2022 Geography Question 33

Practice objective / multiple choice question 33 from the 2022 Gce Model Questions Vol1 Geography examination.

Gce Model Questions Vol1 2022 Geography Objective / Multiple Choice Hard Difficulty
Question 33 GCE_MODEL_QUESTIONS_VOL1 • 2022 • GEOGRAPHY • objective

A factory's total cost (TC) in dollars for producing \(Q\) widgets is \(TC = 2000 + 20Q + 0.05Q^{2}\). The market price of a widget is \(\$50\). The government imposes a per‑unit tax of \(\$5\) on each widget produced. Determine the output level that maximises profit after tax and compute the maximum profit (in dollars).

Answer Options

A. 250 widgets and $1000
B. 300 widgets and $1300
C. 200 widgets and $950
Correct Answer D. 250 widgets and $1125
Correct Answer
D
Correct Option:
250 widgets and $1125

About This Question

This is Gce Model Questions Vol1 2022 Geography Question 33. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Geography examination.

Difficulty level: Hard .

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