Post Utme Pan Atlantic University 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by P = 100 - 2Q. If the firm's marginal \cost is MC = 20 + 2Q, what is the profit-maximizing quantity of output?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Pan Atlantic University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Economics examination.

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