Post Utme Lead City University 2025 Economics Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 24 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective
Post Utme Lead City University 2025 Economics Question 24 diagram

A firm in Nigeria faces a demand curve given by Q = 100 - 2P. The firm's marginal \cost curve is MC = 10 + 2Q. What is the profit-maximizing price and quantity for the firm?

Answer Options

Correct Answer A. P = ₦40, Q = 30
B. P = ₦50, Q = 25
C. P = ₦60, Q = 20
D. P = ₦70, Q = 15
Correct Answer
A
Correct Option:
P = ₦40, Q = 30

About This Question

This is Post Utme Lead City University 2025 Economics Question 24. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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