Post Utme Futa 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 27 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A monopolistically competitive firm in Nigeria faces a demand curve given by Q = 100 - 2P. The firm's marginal \cost curve is MC = 10 + 2Q. If the firm produces 20 units of output, what is the profit-maximizing price?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Futa 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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