Post Utme Veritas University 2022 Commerce Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2022 Commerce Objective / Multiple Choice
Question 13 POST_UTME_VERITAS_UNIVERSITY • 2022 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's marginal cost is ₦20, and the fixed cost is ₦100, what is the optimal price and quantity?

Answer Options

A. P = ₦40, Q = 60
B. P = ₦30, Q = 70
Correct Answer C. P = ₦20, Q = 80
D. P = ₦10, Q = 90
Correct Answer
C
Correct Option:
P = ₦20, Q = 80

About This Question

This is Post Utme Veritas University 2022 Commerce Question 13. It is one of the objective questions from the 2022 Post Utme Veritas University Commerce examination.

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