Post Utme Ksu 2020 Economics Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 39 POST_UTME_KSU • 2020 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, and its marginal revenue curve is given by MR = 20 - 2Q. If the firm's marginal \cost is cons\tant at $10, what is the profit-maximizing price?

Answer Options

A. 10
B. 15
Correct Answer C. 20
D. 25
Correct Answer
C
Correct Option:
20

About This Question

This is Post Utme Ksu 2020 Economics Question 39. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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