Post Utme Unn 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Unn Economics examination.

Post Utme Unn 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_UNN • 2017 • ECONOMICS • objective

A firm is facing a demand curve given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to maximize its profit, what price should it charge?

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 Unn 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Unn Economics examination.

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