Post Utme Babcock University 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2018 Economics Objective / Multiple Choice
Question 37 POST_UTME_BABCOCK_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is considering the production of a new product. The demand for the product is given by the equation Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm wants to maximize its profit, what price should it charge?

Answer Options

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

About This Question

This is Post Utme Babcock University 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Babcock 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