Post Utme Futa 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 31 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is MC = 10 + 2Q, what is the profit-maximizing price?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Futa 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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