Post Utme Madonna University 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_MADONNA_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P and its \cost function is C = 200 + 5Q. If the firm produces 20 units, what is the profit-maximizing price?

Answer Options

A. ₦50
Correct Answer B. ₦60
C. ₦70
D. ₦80
Correct Answer
B
Correct Option:
₦60

About This Question

This is Post Utme Madonna University 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Madonna University Economics examination.

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