Post Utme Pan Atlantic University 2019 Economics Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2019 Economics Objective / Multiple Choice
Question 40 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand function is given by Q = 100 - 2P. The firm's marginal \cost is ₦20 per unit. What is the profit-maximizing price and quantity?

Answer Options

A. P = ₦40, Q = 60
Correct Answer B. P = ₦30, Q = 70
C. P = ₦20, Q = 80
D. P = ₦10, Q = 90
Correct Answer
B
Correct Option:
P = ₦30, Q = 70

About This Question

This is Post Utme Pan Atlantic University 2019 Economics Question 40. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Economics examination.

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