Post Utme Ui 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Ui Economics examination.

Post Utme Ui 2023 Economics Objective / Multiple Choice
Question 22 POST_UTME_UI • 2023 • ECONOMICS • objective

A firm is producing a good with a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 2Q^2 + 10Q. What is the firm's profit-maximizing price?

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 Ui 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Ui Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support