Post Utme Christopher University 2020 Economics Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice

Question 36 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A firm is operating in a monopoly market with a demand function given by Q = 100 - 2P. If the firm's marginal \cost is MC = 10, find the profit-maximizing price and quantity of output.

Answer Options

Correct Answer A. P = 40, Q = 30

B. P = 50, Q = 25

C. P = 60, Q = 20

D. P = 70, Q = 15

Correct Answer

Correct Option:

P = 40, Q = 30

About This Question

This is Post Utme Christopher University 2020 Economics Question 36. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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