Post Utme Crawford University 2018 Economics Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2018 Economics Objective / Multiple Choice
Question 18 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolist's demand curve is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal \cost is ₦10, what is the optimal price?

Answer Options

A. ₦20
B. ₦30
Correct Answer C. ₦40
D. ₦50
Correct Answer
C
Correct Option:
₦40

About This Question

This is Post Utme Crawford University 2018 Economics Question 18. It is one of the objective questions from the 2018 Post Utme Crawford University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support