Waec Model Questions Vol1 2020 Economics Question 39
Practice objective / multiple choice question 39 from the 2020 Waec Model Questions Vol1 Economics examination.
A firm's total cost function (in naira) is TC(Q) = 1,500 + 40Q + 0.2Q², where Q is the quantity produced. The firm sells each unit at a constant price of ₦80. Determine the output level at which average total cost (ATC) is minimized and state whether the firm makes a profit, a loss or breaks even at that output.
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About This Question
This is Waec Model Questions Vol1 2020 Economics Question 39. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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