Post Utme Uniosun 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2024 Economics Objective / Multiple Choice

Question 20 POST_UTME_UNIOSUN • 2024 • ECONOMICS • objective

A firm's demand curve is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm's marginal revenue is $10, what is the optimal price and quantity that maximize profit?

Answer Options

Correct Answer A. P = $5, Q = 50

B. P = $10, Q = 40

C. P = $15, Q = 30

D. P = $20, Q = 20

Correct Answer

Correct Option:

P = $5, Q = 50

About This Question

This is Post Utme Uniosun 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Uniosun Economics examination.

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