Post Utme Madonna University 2025 Economics Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2025 Economics Objective / Multiple Choice
Question 38 POST_UTME_MADONNA_UNIVERSITY • 2025 • ECONOMICS • objective

A firm operates in a perfectly competitive market. The demand curve for its product is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the firm produces 50 units, what is the 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 Madonna University 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Madonna University Economics examination.

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