Post Utme Eksu 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_EKSU • 2021 • ECONOMICS • objective

A firm is operating in a monopoly market with a demand curve given by Qd = 100 - 2P. If the firm's marginal \cost (MC) is $10, what is the optimal price to charge?

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 Eksu 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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