Post Utme Ksu 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Ksu Economics examination.

Post Utme Ksu 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_KSU • 2024 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is cons\tant at ₦0.5 million per unit, and the firm produces 50 units, what is the firm's profit?

Answer Options

A. ₦12,500
Correct Answer B. ₦15,000
C. ₦17,500
D. ₦20,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Ksu 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Ksu Economics examination.

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