Post Utme Afe Babalola University 2017 Economics Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2017 Economics Objective / Multiple Choice

Question 15 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist 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 15. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.

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