Post Utme Redeemers University 2021 Commerce Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2021 Commerce Objective / Multiple Choice
Question 34 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • COMMERCE • objective

A firm's supply function is given by P = 2Q + 10. If the firm's current output is Q = 5, what is the firm's current price?

Answer Options

A. 15
Correct Answer B. 20
C. 25
D. 30
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Redeemers University 2021 Commerce Question 34. It is one of the objective questions from the 2021 Post Utme Redeemers University Commerce examination.

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