Post Utme Ksu 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Ksu Economics examination.

Post Utme Ksu 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_KSU • 2024 • ECONOMICS • objective

A firm is facing a downward-sloping demand curve and a cons\tant marginal \cost curve. If the firm's price is ₦100 and its marginal \cost is ₦80, what is the profit-maximizing quantity?

Answer Options

A. 10 units
B. 20 units
Correct Answer C. 30 units
D. 40 units
Correct Answer
C
Correct Option:
30 units

About This Question

This is Post Utme Ksu 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Ksu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support