Post Utme Eksu 2017 Economics Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Eksu Economics examination.

Post Utme Eksu 2017 Economics Objective / Multiple Choice
Question 7 POST_UTME_EKSU • 2017 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is MC = ₦20, determine the profit-maximizing price and quantity, assuming the firm is a price-taker.

Answer Options

A. P = ₦40, Q = 60
Correct Answer B. P = ₦30, Q = 70
C. P = ₦20, Q = 80
D. P = ₦10, Q = 90
Correct Answer
B
Correct Option:
P = ₦30, Q = 70

About This Question

This is Post Utme Eksu 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Eksu Economics examination.

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