Post Utme Osustech 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 30 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A firm's demand curve is given by the equation P = 100 - 2Q, where P is the price and Q is the quantity. If the firm's marginal revenue (MR) is 20 and its marginal \cost (MC) is 15, what is the profit-maximizing quantity?

Answer Options

A. 10 units
B. 15 units
Correct Answer C. 20 units
D. 25 units
Correct Answer
C
Correct Option:
20 units

About This Question

This is Post Utme Osustech 2024 Economics Question 30. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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