Post Utme Afe Babalola University 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2017 Economics Objective / Multiple Choice

Question 12 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by P = 100 - 2Q. The firm's marginal \cost curve is MC = 20. What is the firm's optimal price and quantity?

Answer Options

Correct Answer A. P = 90, Q = 45

B. P = 80, Q = 40

C. P = 70, Q = 35

D. P = 60, Q = 30

Correct Answer

Correct Option:

P = 90, Q = 45

About This Question

This is Post Utme Afe Babalola University 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.

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