Post Utme Afe Babalola University 2025 Economics Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2025 Economics Objective / Multiple Choice
Question 23 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a demand curve given by P = 100 - 2x. If the firm's marginal \cost is ₦20, what is the firm's optimal quantity?

Answer Options

A. x = 20
Correct Answer B. x = 30
C. x = 40
D. x = 50
Correct Answer
B
Correct Option:
x = 30

About This Question

This is Post Utme Afe Babalola University 2025 Economics Question 23. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Economics examination.

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