Post Utme Redeemers University 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ECONOMICS • objective

A firm is facing a supply curve given by Q = 2P + 10, where Q is the quantity supplied and P is the price. If the firm's marginal revenue is ₦20 per unit, what is the profit-maximizing quantity?

Answer Options

A. 10 units
Correct Answer B. 20 units
C. 30 units
D. 40 units
Correct Answer
B
Correct Option:
20 units

About This Question

This is Post Utme Redeemers University 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Redeemers University Economics examination.

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