Post Utme Al Hikmah University 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2023 Economics Objective / Multiple Choice
Question 17 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function given by C = 20 + 5L. If the firm produces 50 units of output, what is the profit-maximizing price?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Al Hikmah University 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.

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