Neco 2019 Economics Question 18
Practice objective / multiple choice question 18 from the 2019 Neco Economics examination.
A factory's total cost (in thousand Naira) for producing Q units of output is given by \( TC = 200 + 5Q + 0.02Q^{2} \). The market price per unit is ₦12, and the government imposes a per‑unit tax of ₦2 on the product. Determine the output level that maximizes profit and compute the maximum profit (in thousand Naira).
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About This Question
This is Neco 2019 Economics Question 18. It is one of the objective questions from the 2019 Neco Economics examination.
Difficulty level: Hard .
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