Post Utme Ksu 2022 Economics Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Ksu Economics examination.

Post Utme Ksu 2022 Economics Objective / Multiple Choice
Question 40 POST_UTME_KSU • 2022 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal revenue (MR) is 80, and the firm's marginal \cost (MC) is 50, what is the value of the price that maximizes profit?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Ksu 2022 Economics Question 40. It is one of the objective questions from the 2022 Post Utme Ksu Economics examination.

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