Post Utme Igbinedion University 2025 Economics Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2025 Economics Objective / Multiple Choice
Question 28 POST_UTME_IGBINEDION_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's total revenue (TR) is given by TR = 100Q - 2Q^2, where Q is the quantity sold. If the firm's marginal \cost (MC) is given by MC = 10 + 2Q, find the firm's optimal quantity and price.

Answer Options

A. Q = 10, P = 80
B. Q = 20, P = 60
Correct Answer C. Q = 30, P = 40
D. Q = 40, P = 20
Correct Answer
C
Correct Option:
Q = 30, P = 40

About This Question

This is Post Utme Igbinedion University 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Igbinedion University Economics examination.

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