Post Utme Pan Atlantic University 2024 Economics Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2024 Economics Objective / Multiple Choice

Question 30 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P and a marginal \cost curve given by MC = 10. If the firm's fixed \cost is ₦100, what is the optimal price and quantity to maximize profits?

Answer Options

A. P = 40, Q = 60

B. P = 30, Q = 70

Correct Answer C. P = 50, Q = 50

D. P = 20, Q = 80

Correct Answer

Correct Option:

P = 50, Q = 50

About This Question

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

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