Neco 2025 Economics Question 29

Practice objective / multiple choice question 29 from the 2025 Neco Economics examination.

Neco 2025 Economics Objective / Multiple Choice Medium Difficulty
Question 29 NECO • 2025 • ECONOMICS • objective

A firm's total cost before tax is \( TC = 2Q^{2} + 30Q + 500 \). The government imposes a specific tax of ₦10 per unit. The market price before tax is constant at ₦120 per unit. Determine the output level that maximises profit after the tax and compute the maximum profit (in naira).

Answer Options

Correct Answer A. Q = 20 units; maximum profit = 300
B. Q = 25 units; maximum profit = 500
C. Q = 15 units; maximum profit = 250
D. Q = 10 units; maximum profit = 100
Correct Answer
A
Correct Option:
Q = 20 units; maximum profit = 300

About This Question

This is Neco 2025 Economics Question 29. It is one of the objective questions from the 2025 Neco Economics examination.

Difficulty level: Medium .

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