Post Utme Oau 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice
Question 33 POST_UTME_OAU • 2024 • ECONOMICS • objective

A firm's demand function for a product is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal \cost is MC = 10, what is the profit-maximizing price?

Answer Options

Correct Answer A. ₦20
B. ₦30
C. ₦40
D. ₦50
Correct Answer
A
Correct Option:
₦20

About This Question

This is Post Utme Oau 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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