Post Utme Babcock University 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2022 Economics Objective / Multiple Choice
Question 3 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: Q = 100 - 2P. If the firm's marginal \cost is 10, what is the profit-maximizing price?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Babcock University 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Babcock University Economics examination.

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