Post Utme Christopher University 2017 Economics Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2017 Economics Objective / Multiple Choice
Question 35 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is MC = ₦10, what is the profit-maximizing price?

Answer Options

A. ₦40
B. ₦45
Correct Answer C. ₦50
D. ₦55
Correct Answer
C
Correct Option:
₦50

About This Question

This is Post Utme Christopher University 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Christopher University Economics examination.

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