Post Utme Eksu 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Eksu Economics examination.

Post Utme Eksu 2018 Economics Objective / Multiple Choice
Question 19 POST_UTME_EKSU • 2018 • ECONOMICS • objective

A firm is facing a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is cons\tant at ₦20 per unit, what is the profit-maximizing price and quantity?

Answer Options

Correct Answer A. P = ₦30, Q = 40
B. P = ₦40, Q = 30
C. P = ₦50, Q = 20
D. P = ₦20, Q = 50
Correct Answer
A
Correct Option:
P = ₦30, Q = 40

About This Question

This is Post Utme Eksu 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.

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