Post Utme Ims U 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 19 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

A firm operating under perfect competition faces a market demand curve given by Q = 100 - 2P. The firm's marginal revenue (MR) is given by MR = 50 - 2Q. If the firm's marginal \cost (MC) is cons\tant at ₦20, what is the profit-maximizing quantity of output?

Answer Options

A. ₦40
B. ₦60
Correct Answer C. ₦80
D. ₦100
Correct Answer
C
Correct Option:
₦80

About This Question

This is Post Utme Ims U 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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