Post Utme Summit University 2019 Commerce Question 5
Practice objective / multiple choice question 5 from the 2019 Post Utme Summit University Commerce examination.
A firm's demand function is given by Q = 100 - 2P, where Q is quantity and P is price. If the firm's fixed cost is ₦5,000 and its variable cost is ₦10 per unit, what is the firm's profit-maximizing price?
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About This Question
This is Post Utme Summit University 2019 Commerce Question 5. It is one of the objective questions from the 2019 Post Utme Summit University Commerce examination.
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