Waec Model Questions Vol1 2020 Economics Question 36
Practice objective / multiple choice question 36 from the 2020 Waec Model Questions Vol1 Economics examination.
A firm's total cost (in naira) for producing Q units is given by TC = 5,000 + 20Q + 0.05Q². The firm sells its product at a price of ₦150 per unit for the first 200 units; any units beyond 200 are sold at ₦130 each because of market saturation. What is the smallest whole‑number output level at which the firm makes a profit?
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About This Question
This is Waec Model Questions Vol1 2020 Economics Question 36. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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