Neco Model Questions Vol1 2025 Economics Question 17
Practice objective / multiple choice question 17 from the 2025 Neco Model Questions Vol1 Economics examination.
A textile firm has total cost \(TC = 5{,}000 + 30Q + 0.05Q^{2}\), where \(Q\) is output in units. The government imposes a per‑unit tax of \(\text{₦}2\). Market demand is given by \(P = 150 - 0.1Q\). Determine the maximum profit the firm can earn (in naira) after the tax is applied.
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About This Question
This is Neco Model Questions Vol1 2025 Economics Question 17. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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