Post Utme Futa 2018 Commerce Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Futa Commerce examination.

Post Utme Futa 2018 Commerce Objective / Multiple Choice
Question 20 POST_UTME_FUTA • 2018 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's current price is P = 20, what is the producer surplus?

Answer Options

A. 100
B. 200
Correct Answer C. 300
D. 400
Correct Answer
C
Correct Option:
300

About This Question

This is Post Utme Futa 2018 Commerce Question 20. It is one of the objective questions from the 2018 Post Utme Futa Commerce examination.

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