Post Utme Caleb University 2022 Economics Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2022 Economics Objective / Multiple Choice
Question 20 POST_UTME_CALEB_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where P is the price of the good. If the firm's marginal \cost is ₦5 per unit, find the profit-maximizing price.

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 Caleb University 2022 Economics Question 20. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.

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