Post Utme Ims U 2021 Economics Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Ims U Economics examination.

Post Utme Ims U 2021 Economics Objective / Multiple Choice
Question 4 POST_UTME_IMS_U • 2021 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve given by the equation \( Q = 100 - 2P \). If the firm's marginal \cost is ₦50, what is the profit-maximizing price?

Answer Options

A. ₦40
Correct Answer B. ₦45
C. ₦50
D. ₦55
Correct Answer
B
Correct Option:
₦45

About This Question

This is Post Utme Ims U 2021 Economics Question 4. It is one of the objective questions from the 2021 Post Utme Ims U Economics examination.

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