Post Utme Osustech 2021 Commerce Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Osustech Commerce examination.

Post Utme Osustech 2021 Commerce Objective / Multiple Choice
Question 3 POST_UTME_OSUSTECH • 2021 • COMMERCE • objective

A firm is operating in a market with a demand curve given by Q = 100 - 2P. If the firm's marginal cost (MC) is ₦20, what is the optimal price it should charge for its product?

Answer Options

A. ₦40
Correct Answer B. ₦50
C. ₦60
D. ₦70
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Osustech 2021 Commerce Question 3. It is one of the objective questions from the 2021 Post Utme Osustech Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support