Post Utme Crawford University 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, and its supply curve is given by Q = 5 + P. What is the price that maximizes the firm's profit?

Answer Options

A. ₦25
Correct Answer B. ₦30
C. ₦35
D. ₦40
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Crawford University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Crawford University Economics examination.

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