Post Utme Crawford University 2017 Economics Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2017 Economics Objective / Multiple Choice
Question 11 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P and a supply curve given by Q = 2P - 10. If the firm is currently producing 60 units at a price of ₦20, what is the firm's profit-maximizing output?

Answer Options

A. 40
Correct Answer B. 60
C. 80
D. 100
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Crawford University 2017 Economics Question 11. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.

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