Post Utme Covenant University 2020 Economics Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2020 Economics Objective / Multiple Choice

Question 19 POST_UTME_COVENANT_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

Correct Answer A. P = ₦50, Q = 50

B. P = ₦75, Q = 25

C. P = ₦25, Q = 75

D. P = ₦100, Q = 0

Correct Answer

Correct Option:

P = ₦50, Q = 50

About This Question

This is Post Utme Covenant University 2020 Economics Question 19. It is one of the objective questions from the 2020 Post Utme Covenant University Economics examination.

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