Post Utme Esut 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Esut Economics examination.

Post Utme Esut 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_ESUT • 2020 • ECONOMICS • objective

A firm faces the following demand curve for its product: Q = 100 - 2P. The firm's \cost function is given by C = 200 + 2Q. What is the firm's profit-maximizing price and quantity?

Answer Options

A. P = ₦20, Q = 50
Correct Answer B. P = ₦30, Q = 70
C. P = ₦40, Q = 90
D. P = ₦50, Q = 110
Correct Answer
B
Correct Option:
P = ₦30, Q = 70

About This Question

This is Post Utme Esut 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Esut Economics examination.

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