Post Utme Caleb University 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2018 Economics Objective / Multiple Choice

Question 29 POST_UTME_CALEB_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is operating in a perfectly competitive market. If the firm's supply curve is given by the equation Qs = 2P - 100, where Qs is the quantity supplied and P is the price, what is the firm's supply schedule?

Answer Options

Correct Answer A. Qs = 2P - 100

B. Qs = 100 - 2P

C. Qs = 2P + 100

D. Qs = 100 + 2P

Correct Answer

Correct Option:

Qs = 2P - 100

About This Question

This is Post Utme Caleb University 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.

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