Post Utme Al Hikmah University 2023 Economics Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2023 Economics Objective / Multiple Choice
Question 12 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ECONOMICS • objective

A firm is producing a good with a demand function Q = 100 - 2P and a \cost function C = 2Q^2 + 100Q. Find the profit-maximizing price and quantity.

Answer Options

A. P = 20, Q = 40
B. P = 30, Q = 50
Correct Answer C. P = 40, Q = 60
D. P = 50, Q = 70
Correct Answer
C
Correct Option:
P = 40, Q = 60

About This Question

This is Post Utme Al Hikmah University 2023 Economics Question 12. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.

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