Post Utme Uniben 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Uniben Economics examination.

Post Utme Uniben 2020 Economics Objective / Multiple Choice

Question 4 POST_UTME_UNIBEN • 2020 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. If the firm's \cost function is C(Q) = 2Q^2 + 10Q, what is the firm's profit-maximizing price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 30

B. P = 50, Q = 20

C. P = 60, Q = 10

D. P = 70, Q = 5

Correct Answer

Correct Option:

P = 40, Q = 30

About This Question

This is Post Utme Uniben 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.

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