Post Utme Abu 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Abu Economics examination.

Post Utme Abu 2018 Economics Objective / Multiple Choice
Question 29 POST_UTME_ABU • 2018 • ECONOMICS • objective
Post Utme Abu 2018 Economics Question 29 diagram

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

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 29. It is one of the objective questions from the 2018 Post Utme Abu Economics examination.

View More Post Utme Abu 2018 Economics Questions More Post Utme Abu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support