Post Utme Redeemers University 2025 Economics Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2025 Economics Objective / Multiple Choice
Question 33 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is facing a demand curve given by Q = 100 - 2P. The firm's marginal \cost (MC) is given by MC = 10 + 2Q. If the firm's fixed \cost is ₦1000, what is the profit-maximizing price?

Answer Options

A. ₦40
B. ₦50
Correct Answer C. ₦60
D. ₦70
Correct Answer
C
Correct Option:
₦60

About This Question

This is Post Utme Redeemers University 2025 Economics Question 33. It is one of the objective questions from the 2025 Post Utme Redeemers University Economics examination.

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