Post Utme Coal City University 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2024 Economics Objective / Multiple Choice

Question 9 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's marginal \cost is ₦50, find the profit-maximizing price and quantity.

Answer Options

Correct Answer A. P = 50, Q = 25

B. P = 75, Q = 12

C. P = 25, Q = 50

D. P = 12, Q = 75

Correct Answer

Correct Option:

P = 50, Q = 25

About This Question

This is Post Utme Coal City University 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Coal City University Economics examination.

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