Post Utme Eksu 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice
Question 9 POST_UTME_EKSU • 2021 • ECONOMICS • objective

A firm is operating in a monopoly market with a demand curve given by Q = 100 - P. The firm's marginal \cost (MC) is cons\tant at ₦10. What is the profit-maximizing price and quantity for the firm?

Answer Options

A. P = ₦50, Q = 50
Correct Answer B. P = ₦55, Q = 45
C. P = ₦60, Q = 40
D. P = ₦65, Q = 35
Correct Answer
B
Correct Option:
P = ₦55, Q = 45

About This Question

This is Post Utme Eksu 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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