Post Utme Achievers University 2020 Economics Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2020 Economics Objective / Multiple Choice

Question 37 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal \cost is MC = 10. What is the optimal price and quantity for the monopolist?

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

Correct Option:

P = 40, Q = 30

About This Question

This is Post Utme Achievers University 2020 Economics Question 37. It is one of the objective questions from the 2020 Post Utme Achievers University Economics examination.

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