Post Utme Caleb University 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2020 Economics Objective / Multiple Choice

Question 25 POST_UTME_CALEB_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolist has a demand function P = 100 - Q and a marginal \cost function MC(q) = 20. What is the monopolist's profit-maximizing quantity?

Answer Options

A. q = 10

Correct Answer B. q = 20

C. q = 30

D. q = 40

Correct Answer

Correct Option:

q = 20

About This Question

This is Post Utme Caleb University 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Caleb University Economics examination.

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