Post Utme Eksu 2017 Economics Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 23 POST_UTME_EKSU • 2017 • ECONOMICS • objective

A firm faces the following demand curve: \( Q = 100 - 2P \). If the firm's marginal \cost is given by the equation \( MC = 10 + 2Q \), what is the firm's profit-maximizing price?

Answer Options

A. ₦50
Correct Answer B. ₦60
C. ₦70
D. ₦80
Correct Answer
B
Correct Option:
₦60

About This Question

This is Post Utme Eksu 2017 Economics Question 23. It is one of the objective questions from the 2017 Post Utme Eksu Economics examination.

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