Post Utme Uniosun 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNIOSUN • 2020 • ECONOMICS • objective

A firm faces a demand curve given by P = 50 + 2Q. The marginal revenue function is given by MR = 50 + 4Q. If the firm's marginal \cost is MC = 30, what is the optimal quantity to produce?

Answer Options

A. 10 units
B. 20 units
Correct Answer C. 30 units
D. 40 units
Correct Answer
C
Correct Option:
30 units

About This Question

This is Post Utme Uniosun 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.

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