Post Utme Ims U 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice

Question 20 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. The firm's marginal \cost curve is MC = 10. What is the firm's optimal price and quantity?

Correct Answer A. P = 40, Q = 30

B. P = 30, Q = 40

C. P = 20, Q = 50

D. P = 50, Q = 20

Correct Answer

Correct Option:

P = 40, Q = 30

This is Post Utme Ims U 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

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