Post Utme Igbinedion University 2025 Economics Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2025 Economics Objective / Multiple Choice

Question 15 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's demand function is given by \( Q = 100 - 2P \). If the firm's supply function is \( Q = 2P - 10 \), find the firm's profit-maximizing price and quantity.

Answer Options

Correct Answer A. P = 20, Q = 60

B. P = 30, Q = 70

C. P = 40, Q = 80

D. P = 50, Q = 90

Correct Answer

Correct Option:

P = 20, Q = 60

About This Question

This is Post Utme Igbinedion University 2025 Economics Question 15. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.

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