Post Utme Ims U 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice

Question 32 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

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

A. P = 40, Q = 20

Correct Answer B. P = 50, Q = 30

C. P = 60, Q = 40

D. P = 70, Q = 50

Correct Answer

Correct Option:

P = 50, Q = 30

This is Post Utme Ims U 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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