Post Utme Abu 2018 Economics Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Abu Economics examination.

Post Utme Abu 2018 Economics Objective / Multiple Choice
Question 27 POST_UTME_ABU • 2018 • ECONOMICS • objective
Post Utme Abu 2018 Economics Question 27 diagram

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. The firm's marginal \cost curve is MC = 10 + 2Q. What is the profit-maximizing price and quantity for the firm?

Answer Options

Correct Answer A. P = ₦50, Q = 25
B. P = ₦60, Q = 20
C. P = ₦70, Q = 15
D. P = ₦80, Q = 10
Correct Answer
A
Correct Option:
P = ₦50, Q = 25

About This Question

This is Post Utme Abu 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Abu Economics examination.

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