Post Utme Redeemers University 2022 Economics Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2022 Economics Objective / Multiple Choice
Question 10 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's marginal revenue (MR) is given by MR = 100 - 2q. The firm's marginal \cost (MC) is given by MC = 10 + 2q. If the firm produces 20 units, what is the profit?

Answer Options

A. ₦100
B. ₦200
Correct Answer C. ₦300
D. ₦400
Correct Answer
C
Correct Option:
₦300

About This Question

This is Post Utme Redeemers University 2022 Economics Question 10. It is one of the objective questions from the 2022 Post Utme Redeemers University Economics examination.

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