Post Utme Crawford University 2021 Economics Question 41

Practice objective / multiple choice question 41 from the 2021 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2021 Economics Objective / Multiple Choice
Question 41 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. The firm's marginal \cost curve is MC = 10 + 2Q. What is the firm's 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 Crawford University 2021 Economics Question 41. It is one of the objective questions from the 2021 Post Utme Crawford University Economics examination.

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