Post Utme Mountain Top University 2025 Economics Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice
Question 4 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is producing a good with the following demand and supply functions: D(x) = 100 - 2x and S(x) = 20 + 3x. U\sing the concept of market equilibrium, find the level of production that will result in a market equilibrium.

Answer Options

A. x = 10
Correct Answer B. x = 16
C. x = 20
D. x = 24
Correct Answer
B
Correct Option:
x = 16

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 4. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

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