Post Utme Coal City University 2020 Economics Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2020 Economics Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The firm's marginal \cost is MC = 10 + 2Q. What is the profit-maximizing price and quantity?

Answer Options

A. P = 40, Q = 30
Correct Answer B. P = 50, Q = 25
C. P = 60, Q = 20
D. P = 70, Q = 15
Correct Answer
B
Correct Option:
P = 50, Q = 25

About This Question

This is Post Utme Coal City University 2020 Economics Question 12. It is one of the objective questions from the 2020 Post Utme Coal City University Economics examination.

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