Neco 2025 Economics Question 23

Practice objective / multiple choice question 23 from the 2025 Neco Economics examination.

Neco 2025 Economics Objective / Multiple Choice Hard Difficulty
Question 23 NECO • 2025 • ECONOMICS • objective

A firm faces the total cost function \(TC = 10{,}000 + 5Q + 0.1Q^{2}\) where \(Q\) is output in units. The market demand for its product is given by \(P = 200 - 0.5Q\). Determine the output level \(Q\) that maximizes profit and compute the maximum profit (in naira), rounding the profit to the nearest naira.

Answer Options

A. Q = 162.5 units; Profit = ₦5,845
Correct Answer B. Q = 162.5 units; Profit = ₦5,844
C. Q = 160 units; Profit = ₦5,840
D. Q = 150 units; Profit = ₦5,750
Correct Answer
B
Correct Option:
Q = 162.5 units; Profit = ₦5,844

About This Question

This is Neco 2025 Economics Question 23. It is one of the objective questions from the 2025 Neco Economics examination.

Difficulty level: Hard .

View More Neco 2025 Economics Questions More Neco Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support