Post Utme Oau 2024 Economics Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice
Question 31 POST_UTME_OAU • 2024 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. The firm's marginal \cost (MC) is given by MC = 10 + 2Q. What is the firm's 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 Oau 2024 Economics Question 31. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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