Neco 2025 Economics Question 26

Practice objective / multiple choice question 26 from the 2025 Neco Economics examination.

Neco 2025 Economics Objective / Multiple Choice Medium Difficulty
Question 26 NECO • 2025 • ECONOMICS • objective

A firm's total cost (in thousands of naira) for producing Q units is given by \( TC = 0.5Q^{2} + 20Q + 150 \). The market demand curve is \( P = 120 - 0.5Q \). Determine the output level that maximises profit and state the maximum profit (in thousands of naira).

Answer Options

A. Q = 60 units; maximum profit = 2250
B. Q = 45 units; maximum profit = 2325
Correct Answer C. Q = 50 units; maximum profit = 2350
D. Q = 40 units; maximum profit = 2250
Correct Answer
C
Correct Option:
Q = 50 units; maximum profit = 2350

About This Question

This is Neco 2025 Economics Question 26. It is one of the objective questions from the 2025 Neco Economics examination.

Difficulty level: Medium .

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