Post Utme Unn 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 15 POST_UTME_UNN • 2024 • ECONOMICS • objective

A firm's supply curve is given by Q = 2P + 10, where Q is the quantity supplied and P is the price. If the firm's marginal \cost function is MC(P) = 2P + 5, find the price at which the firm's marginal revenue equals its marginal \cost.

Answer Options

A. ₦15
Correct Answer B. ₦20
C. ₦25
D. ₦30
Correct Answer
B
Correct Option:
₦20

About This Question

This is Post Utme Unn 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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