Post Utme Lautech 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Lautech Economics examination.

Post Utme Lautech 2021 Economics Objective / Multiple Choice
Question 12 POST_UTME_LAUTECH • 2021 • ECONOMICS • objective

A perfectly competitive firm's supply curve is given by the equation Q = 100 + 2P, where Q is the quantity supplied and P is the price. If the price is 20, what is the quantity supplied?

Answer Options

A. 120
Correct Answer B. 140
C. 160
D. 180
Correct Answer
B
Correct Option:
140

About This Question

This is Post Utme Lautech 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Lautech Economics examination.

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