Waec Model Questions Vol1 2021 Economics Question 46

Practice objective / multiple choice question 46 from the 2021 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2021 Economics Objective / Multiple Choice Hard Difficulty
Question 46 WAEC_MODEL_QUESTIONS_VOL1 • 2021 • ECONOMICS • objective

A firm faces the market demand P = 200 - 2Q (₦ per unit). Its total cost function is TC = 50,000 + 20Q + 0.5Q². The government imposes a tax equal to 10 % of the firm's total revenue. Determine the output level Q (in units) that maximizes the firm's profit after tax.

Answer Options

A. Q = 820/23 ≈ 35.7 units
B. Q = 800/21 ≈ 38.1 units
C. Q = 750/23 ≈ 32.6 units
Correct Answer D. Q = 800/23 ≈ 34.8 units
Correct Answer
D
Correct Option:
Q = 800/23 ≈ 34.8 units

About This Question

This is Waec Model Questions Vol1 2021 Economics Question 46. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Economics examination.

Difficulty level: Hard .

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