Post Utme Futo 2018 Commerce Question 30
Practice objective / multiple choice question 30 from the 2018 Post Utme Futo Commerce examination.
A firm's supply function is given by Q = 2P + 10, where Q is the quantity supplied and P is the price. If the firm's marginal cost function is given by MC = 2P + 5, what is the firm's optimal price?
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About This Question
This is Post Utme Futo 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Futo Commerce examination.
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