Post Utme Afe Babalola University 2021 Economics Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice

Question 25 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's supply function is given by Q = 2P + 10. The firm's fixed \cost is ₦100. Find the firm's profit-maximizing price and quantity.

Answer Options

A. P = 20, Q = 50

Correct Answer B. P = 30, Q = 60

C. P = 40, Q = 70

D. P = 50, Q = 80

Correct Answer

Correct Option:

P = 30, Q = 60

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 25. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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