Post Utme Summit University 2019 Commerce Question 3
Practice objective / multiple choice question 3 from the 2019 Post Utme Summit University Commerce examination.
A firm's supply function is given by P = 2Q + 10, where P is price and Q is quantity. If the firm's fixed cost is ₦5,000 and its variable cost is ₦10 per unit, what is the firm's profit-maximizing quantity?
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About This Question
This is Post Utme Summit University 2019 Commerce Question 3. It is one of the objective questions from the 2019 Post Utme Summit University Commerce examination.
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