Post Utme Skyline University 2024 Economics Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2024 Economics Objective / Multiple Choice
Question 6 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market with a given demand curve \( D = 100 - 2p \) and a \cost function \( C = 50 + 5q \). If the firm produces 20 units, what is the profit-maximizing price?

Answer Options

A. ₦80
Correct Answer B. ₦90
C. ₦100
D. ₦110
Correct Answer
B
Correct Option:
₦90

About This Question

This is Post Utme Skyline University 2024 Economics Question 6. It is one of the objective questions from the 2024 Post Utme Skyline University Economics examination.

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