Post Utme Osustech 2020 Economics Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice
Question 12 POST_UTME_OSUSTECH • 2020 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is MC = 20, what is the optimal price to charge?

Answer Options

A. 30
Correct Answer B. 40
C. 50
D. 60
Correct Answer
B
Correct Option:
40

About This Question

This is Post Utme Osustech 2020 Economics Question 12. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

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