Post Utme Oau 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice
Question 38 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 revenue is MR = 20, what is the profit-maximizing quantity?

Answer Options

A. 50 units
B. 75 units
Correct Answer C. 100 units
D. 125 units
Correct Answer
C
Correct Option:
100 units

About This Question

This is Post Utme Oau 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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