Post Utme Noun 2023 Economics Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 16 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is MC = 10 + 2Q, 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 Noun 2023 Economics Question 16. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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