Post Utme Elizade University 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is faced with a demand curve given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm wants to maximize its profit, what price should it charge?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Elizade University 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

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