Waec Model Questions Vol1 2017 Economics Question 33
Practice objective / multiple choice question 33 from the 2017 Waec Model Questions Vol1 Economics examination.
A firm's total cost (in thousand naira) for producing q units is given by \(C(q)=150+20q+0.5q^{2}\). The market demand implies that the price per unit falls with output according to \(P=120-0.1q\) naira. Determine the output level that maximises profit and state the maximum profit (in thousand naira).
Answer Options
About This Question
This is Waec Model Questions Vol1 2017 Economics Question 33. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.