Post Utme Uniport 2021 Economics Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Uniport Economics examination.

Post Utme Uniport 2021 Economics Objective / Multiple Choice
Question 40 POST_UTME_UNIPORT • 2021 • ECONOMICS • objective

Consider a firm operating in a perfectly competitive market. The firm's supply curve is given by Q = 100 + 2P, where Q is the quantity supplied and P is the price. If the market equilibrium price is ₦100, what is the firm's supply at that price?

Answer Options

Correct Answer A. 200
B. 250
C. 300
D. 350
Correct Answer
A
Correct Option:
200

About This Question

This is Post Utme Uniport 2021 Economics Question 40. It is one of the objective questions from the 2021 Post Utme Uniport Economics examination.

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