Post Utme Caleb University 2020 Economics Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2020 Economics Objective / Multiple Choice
Question 34 POST_UTME_CALEB_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2Q. If its marginal \cost is $20, what is the optimal quantity to produce?

Answer Options

A. 20 units
B. 30 units
Correct Answer C. 40 units
D. 50 units
Correct Answer
C
Correct Option:
40 units

About This Question

This is Post Utme Caleb University 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Caleb University 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