Post Utme Wellspring University 2020 Commerce Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2020 Commerce Objective / Multiple Choice
Question 24 POST_UTME_WELLSPRING_UNIVERSITY • 2020 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P. If the firm's production cost is given by C = 20 + 5Q, what is the firm's profit-maximizing price?

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 Wellspring University 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Wellspring University Commerce examination.

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