Post Utme Christopher University 2021 Economics Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2021 Economics Objective / Multiple Choice

Question 27 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

Correct Answer A. Price = 40, Quantity = 50

B. Price = 30, Quantity = 70

C. Price = 20, Quantity = 80

D. Price = 10, Quantity = 90

Correct Answer

Correct Option:

Price = 40, Quantity = 50

About This Question

This is Post Utme Christopher University 2021 Economics Question 27. It is one of the objective questions from the 2021 Post Utme Christopher University Economics examination.

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