Post Utme Delsu 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Delsu Economics examination.

Post Utme Delsu 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_DELSU • 2021 • ECONOMICS • objective

A monopolist faces a market demand curve given by Q = 100 - 2P. If the monopolist's marginal \cost (MC) is ₦20, what is the optimal price to charge?

Answer Options

A. ₦50
B. ₦60
Correct Answer C. ₦70
D. ₦80
Correct Answer
C
Correct Option:
₦70

About This Question

This is Post Utme Delsu 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Delsu 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