Post Utme Delsu 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Delsu Economics examination.

Post Utme Delsu 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_DELSU • 2017 • ECONOMICS • objective

A monopolist's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm's marginal revenue function is MR = 200 - 2Q, and the firm's fixed \cost is $10, what is the firm's optimal price?

Answer Options

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

About This Question

This is Post Utme Delsu 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Delsu Economics examination.

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