Post Utme Abu 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice
Question 22 POST_UTME_ABU • 2021 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: Qd = 100 - 2P. If the firm's marginal \cost (MC) is cons\tant at ₦10, what is the optimal price and quantity that the firm will produce?

Answer Options

Correct Answer A. P = ₦40, Q = 30
B. P = ₦50, Q = 25
C. P = ₦60, Q = 20
D. P = ₦70, Q = 15
Correct Answer
A
Correct Option:
P = ₦40, Q = 30

About This Question

This is Post Utme Abu 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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