Post Utme Bells University 2017 Economics Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Bells University Economics examination.

Post Utme Bells University 2017 Economics Objective / Multiple Choice

Question 8 POST_UTME_BELLS_UNIVERSITY • 2017 • ECONOMICS • objective

A monopoly firm's demand curve is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal \cost is 10, find the price and quantity that will maximize profit.

Answer Options

Correct Answer A. P = 40, Q = 30

B. P = 30, Q = 40

C. P = 20, Q = 50

D. P = 50, Q = 20

Correct Answer

Correct Option:

P = 40, Q = 30

About This Question

This is Post Utme Bells University 2017 Economics Question 8. It is one of the objective questions from the 2017 Post Utme Bells University Economics examination.

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