Post Utme Mountain Top University 2019 Economics Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2019 Economics Objective / Multiple Choice
Question 4 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is facing a demand curve Q = 100 - 2P, and its marginal \cost is MC = 5. If the firm is producing at the profit-maximizing level, what is the price at which it is selling the good?

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 Mountain Top University 2019 Economics Question 4. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support