Post Utme Unilag 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Unilag Economics examination.

Post Utme Unilag 2019 Economics Objective / Multiple Choice
Question 10 POST_UTME_UNILAG • 2019 • ECONOMICS • objective

A firm's demand curve is given by P = 100 - Q. The firm's marginal \cost curve is given by MC = 20. What is the profit-maximizing price?

Answer Options

A. 80
B. 90
Correct Answer C. 100
D. 110
Correct Answer
C
Correct Option:
100

About This Question

This is Post Utme Unilag 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.

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