Neco 2019 Economics Question 19
Practice objective / multiple choice question 19 from the 2019 Neco Economics examination.
A firm faces the total cost function (in thousand Naira) \( TC = 500 + 8Q + 0.5Q^{2} \) and the market demand \( P = 100 - 0.5Q \). Find the quantity of output that yields maximum profit and state the maximum profit (in thousand Naira).
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About This Question
This is Neco 2019 Economics Question 19. It is one of the objective questions from the 2019 Neco Economics examination.
Difficulty level: Medium .
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