Post Utme Al Hikmah University 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2018 Economics Objective / Multiple Choice

Question 12 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolistically competitive firm faces the demand curve P = 100 - 2Q. If the firm's marginal \cost (MC) is ₦50, calculate the profit-maximizing output level.

Answer Options

A. Q = 20

B. Q = 30

Correct Answer C. Q = 40

D. Q = 50

Correct Answer

Correct Option:

Q = 40

About This Question

This is Post Utme Al Hikmah University 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Economics examination.

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