Post Utme Crawford University 2023 Economics Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2023 Economics Objective / Multiple Choice
Question 40 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. The firm's marginal \cost is MC = 10. What is the profit-maximizing price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 30
B. P = 50, Q = 20
C. P = 60, Q = 10
D. P = 70, Q = 0
Correct Answer
A
Correct Option:
P = 40, Q = 30

About This Question

This is Post Utme Crawford University 2023 Economics Question 40. It is one of the objective questions from the 2023 Post Utme Crawford University Economics examination.

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