Gce Model Questions Vol1 2025 Economics Question 42
Practice objective / multiple choice question 42 from the 2025 Gce Model Questions Vol1 Economics examination.
A firm in a monopolistically competitive market faces the inverse demand curve \(P = a - b Q^{2}\). At a quantity of 5 units the price is ₦40, and at a quantity of 10 units the price is ₦30. The firm's marginal cost is constant at ₦12 per unit. Determine the profit‑maximising output level (to two decimal places).
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This is Gce Model Questions Vol1 2025 Economics Question 42. It is one of the objective questions from the 2025 Gce Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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