Post Utme Elizade University 2020 Economics Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2020 Economics Objective / Multiple Choice
Question 26 POST_UTME_ELIZADE_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Elizade University 2020 Economics Question 26. It is one of the objective questions from the 2020 Post Utme Elizade University Economics examination.

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