Post Utme Bsu 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Bsu Economics examination.

Post Utme Bsu 2019 Economics Objective / Multiple Choice

Question 37 POST_UTME_BSU • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal \cost (MC) is cons\tant at ₦10. What is the monopolist's optimal price and quantity?

Correct Answer A. P = ₦40, Q = 30

B. P = ₦50, Q = 25

C. P = ₦60, Q = 20

D. P = ₦70, Q = 15

Correct Answer

Correct Option:

P = ₦40, Q = 30

This is Post Utme Bsu 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.

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