Post Utme Caleb University 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2023 Economics Objective / Multiple Choice

Question 29 POST_UTME_CALEB_UNIVERSITY • 2023 • ECONOMICS • objective

A firm is a pure monopolist with a demand function given by Q = 100 - 2P. If the firm's marginal \cost is $10, what would be the optimal price and quantity?

Answer Options

A. P = $20, Q = 40

Correct Answer B. P = $30, Q = 60

C. P = $40, Q = 80

D. P = $50, Q = 100

Correct Answer

Correct Option:

P = $30, Q = 60

About This Question

This is Post Utme Caleb University 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Caleb University Economics examination.

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