Post Utme Bsu 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Bsu Economics examination.

Post Utme Bsu 2024 Economics Objective / Multiple Choice
Question 7 POST_UTME_BSU • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The marginal \cost curve is MC = 10. What is the profit-maximizing 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 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Bsu Economics examination.

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