Post Utme Christopher University 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice

Question 24 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P. If the monopolist's marginal \cost curve is MC = 10, what is the monopolist's optimal price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 30

B. P = 30, Q = 40

C. P = 20, Q = 50

D. P = 50, Q = 20

Correct Answer

Correct Option:

P = 40, Q = 30

About This Question

This is Post Utme Christopher University 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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