Post Utme Rsu 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Rsu Economics examination.

Post Utme Rsu 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_RSU • 2024 • ECONOMICS • objective

A firm's supply function is given by Q = 2P + 10, where Q is the quantity supplied and P is the price. If the firm's marginal \cost function is MC(P) = 2P + 10, find the value of P that maximizes the firm's profit.

Answer Options

A. 10
Correct Answer B. 15
C. 20
D. 25
Correct Answer
B
Correct Option:
15

About This Question

This is Post Utme Rsu 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Rsu Economics examination.

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