Post Utme Crawford University 2022 Economics Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2022 Economics Objective / Multiple Choice
Question 17 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ECONOMICS • objective

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

Answer Options

A. \( P* = 20 \)
Correct Answer B. \( P* = 30 \)
C. \( P* = 40 \)
D. \( P* = 50 \)
Correct Answer
B
Correct Option:
\( P* = 30 \)

About This Question

This is Post Utme Crawford University 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Crawford University Economics examination.

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