Post Utme Lead City University 2017 Economics Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2017 Economics Objective / Multiple Choice
Question 40 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal \cost is cons\tant at ₦10, what is the profit-maximizing price?

Answer Options

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

About This Question

This is Post Utme Lead City University 2017 Economics Question 40. It is one of the objective questions from the 2017 Post Utme Lead City University Economics examination.

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