Post Utme Uniosun 2022 Commerce Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2022 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UNIOSUN • 2022 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's production cost is C(P) = 50 + 2P, what is the 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 Uniosun 2022 Commerce Question 8. It is one of the objective questions from the 2022 Post Utme Uniosun Commerce examination.

View More Post Utme Uniosun 2022 Commerce Questions More Post Utme Uniosun Practice Questions Back to Questions

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