Post Utme Bsu 2022 Economics Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Bsu Economics examination.

Post Utme Bsu 2022 Economics Objective / Multiple Choice
Question 31 POST_UTME_BSU • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P and a \cost function C(Q) = 10Q + 100. If the monopolist produces 20 units, what is the profit-maximizing price?

Answer Options

A. ₦50
B. ₦60
Correct Answer C. ₦70
D. ₦80
Correct Answer
C
Correct Option:
₦70

About This Question

This is Post Utme Bsu 2022 Economics Question 31. It is one of the objective questions from the 2022 Post Utme Bsu Economics examination.

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