Post Utme Unilag 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Unilag Economics examination.

Post Utme Unilag 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_UNILAG • 2023 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P. The firm's marginal revenue (MR) function is MR = 50 - 2Q. If the firm's marginal \cost (MC) is MC = 20, what is the profit-maximizing price?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Unilag 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Unilag Economics examination.

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