Post Utme Bsu 2021 Economics Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 28 POST_UTME_BSU • 2021 • 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, what is the firm's optimal price?

Answer Options

A. ₦40
Correct Answer B. ₦50
C. ₦60
D. ₦70
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Bsu 2021 Economics Question 28. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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