Post Utme Unn 2019 Economics Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNN • 2019 • ECONOMICS • objective

A firm is operating in a perfectly competitive market with a demand function given by P = 10 - Q. If the firm's current output is Q = 5, what is the price at which the firm is selling its product?

Answer Options

A. ₦5
Correct Answer B. ₦7
C. ₦9
D. ₦11
Correct Answer
B
Correct Option:
₦7

About This Question

This is Post Utme Unn 2019 Economics Question 15. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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