Post Utme Achievers University 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P, where Q is quantity and P is price. If the firm's marginal \cost is ₦20, what is the profit-maximizing price?

Answer Options

A. ₦40
Correct Answer B. ₦30
C. ₦20
D. ₦10
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Achievers University 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Achievers University Economics examination.

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