Waec Model Questions Vol1 2025 Economics Question 44

Practice objective / multiple choice question 44 from the 2025 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2025 Economics Objective / Multiple Choice Medium Difficulty
Question 44 WAEC_MODEL_QUESTIONS_VOL1 • 2025 • ECONOMICS • objective

A firm's total cost function is TC = 30,000 + 10Q + 0.02Q² (Q in units). The market demand is P = 200 - 0.1Q. The firm wishes to earn a profit of exactly ₦30,000. Find the output level that achieves this profit and also gives the higher profit‑margin (profit as a percentage of total revenue). State the required output (rounded to the nearest whole unit), the corresponding price, and the profit‑margin (to one decimal place).

Answer Options

A. Output = 400 units, Price = ₦160.0, Profit‑margin = 40.0 %
Correct Answer B. Output = 436 units, Price = ₦156.4, Profit‑margin = 44.0 %
C. Output = 420 units, Price = ₦158.0, Profit‑margin = 42.5 %
D. Output = 452 units, Price = ₦154.8, Profit‑margin = 45.2 %
Correct Answer
B
Correct Option:
Output = 436 units, Price = ₦156.4, Profit‑margin = 44.0 %

About This Question

This is Waec Model Questions Vol1 2025 Economics Question 44. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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