Post Utme Redeemers University 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 38 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's demand function for a particular input is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price of the input. If the firm's current input price is ₦50, what is the firm's optimal input quantity?

Answer Options

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

About This Question

This is Post Utme Redeemers University 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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