Post Utme Noun 2024 Economics Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 17 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A firm is facing a demand curve given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal \cost is cons\tant at ₦10, determine the profit-maximizing price and quantity.

Answer Options

A. P = ₦40, Q = 60
Correct Answer B. P = ₦30, Q = 70
C. P = ₦20, Q = 80
D. P = ₦10, Q = 90
Correct Answer
B
Correct Option:
P = ₦30, Q = 70

About This Question

This is Post Utme Noun 2024 Economics Question 17. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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