Post Utme Ui 2021 Commerce Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Ui Commerce examination.

Post Utme Ui 2021 Commerce Objective / Multiple Choice

Question 32 POST_UTME_UI • 2021 • COMMERCE • objective

A company is considering the introduction of a new product. The product's demand curve is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. The company's cost function is given by C = 50 + 2Q. What is the profit-maximizing price and quantity?

A. P = 20, Q = 40

Correct Answer B. P = 30, Q = 50

C. P = 40, Q = 60

D. P = 50, Q = 70

Correct Answer

Correct Option:

P = 30, Q = 50

This is Post Utme Ui 2021 Commerce Question 32. It is one of the objective questions from the 2021 Post Utme Ui Commerce examination.

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