Post Utme Joseph Ayo Babalola University 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. Find the equilibrium price and quantity.

Answer Options

Correct Answer A. P = 40, Q = 30
B. P = 50, Q = 25
C. P = 60, Q = 20
D. P = 70, Q = 15
Correct Answer
A
Correct Option:
P = 40, Q = 30

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.

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