Waec Model Questions Vol1 2025 Economics Question 32

Practice objective / multiple choice question 32 from the 2025 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2025 Economics Objective / Multiple Choice Hard Difficulty
Question 32 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • objective

ABC Ltd produces widgets. Fixed cost = ₦200,000. The variable cost per widget is VC = 150 + 0.02Q, where Q is the number of widgets produced. The market price per widget follows the linear demand equation P = 300 - 0.01Q. Determine (i) the output level that maximises profit and (ii) the maximum profit. Express the output as a whole number of units and profit in naira.

Answer Options

A. Output = 3,250 units; Maximum profit = ₦70,000
B. Output = 4,000 units; Maximum profit = ₦85,000
C. Output = 3,500 units; Maximum profit = ₦75,000
Correct Answer D. Output = 3,750 units; Maximum profit = ₦81,250
Correct Answer
D
Correct Option:
Output = 3,750 units; Maximum profit = ₦81,250

About This Question

This is Waec Model Questions Vol1 2025 Economics Question 32. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Economics examination.

Difficulty level: Hard .

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