Post Utme Bsu 2017 Economics Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Bsu Economics examination.

Post Utme Bsu 2017 Economics Objective / Multiple Choice
Question 17 POST_UTME_BSU • 2017 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the marginal \cost (MC) is 10, what is the profit-maximizing price (P)?

Answer Options

A. \( P = 20 \)
Correct Answer B. \( P = 30 \)
C. \( P = 40 \)
D. \( P = 50 \)
Correct Answer
B
Correct Option:
\( P = 30 \)

About This Question

This is Post Utme Bsu 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Bsu Economics examination.

View More Post Utme Bsu 2017 Economics Questions More Post Utme Bsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support