Post Utme Summit University 2018 Economics Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Summit University Economics examination.

Post Utme Summit University 2018 Economics Objective / Multiple Choice
Question 4 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's marginal \cost is given by MC = 2Q, what is the profit-maximizing quantity?

Answer Options

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

About This Question

This is Post Utme Summit University 2018 Economics Question 4. It is one of the objective questions from the 2018 Post Utme Summit University Economics examination.

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