Post Utme Al Hikmah University 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is 10, what is the optimal price it should charge?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Al Hikmah University 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support