Post Utme Summit University 2023 Economics Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Summit University Economics examination.

Post Utme Summit University 2023 Economics Objective / Multiple Choice
Question 30 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ECONOMICS • objective

A firm faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. If the firm produces 20 units, what is the profit?

Answer Options

A. ₦1500
B. ₦2000
Correct Answer C. ₦2500
D. ₦3000
Correct Answer
C
Correct Option:
₦2500

About This Question

This is Post Utme Summit University 2023 Economics Question 30. It is one of the objective questions from the 2023 Post Utme Summit University Economics examination.

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