Post Utme Uniport 2020 Economics Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Uniport Economics examination.

Post Utme Uniport 2020 Economics Objective / Multiple Choice

Question 18 POST_UTME_UNIPORT • 2020 • ECONOMICS • objective

A firm's demand function for a product is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal \cost is ₦50 per unit, find the profit-maximizing price and quantity.

Answer Options

Correct Answer A. P = ₦50, Q = 75

B. P = ₦75, Q = 50

C. P = ₦25, Q = 100

D. P = ₦100, Q = 0

Correct Answer

Correct Option:

P = ₦50, Q = 75

About This Question

This is Post Utme Uniport 2020 Economics Question 18. It is one of the objective questions from the 2020 Post Utme Uniport Economics examination.

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