Post Utme Elizade University 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist is facing a demand curve with the following equation: P = 100 - 2Q. If the firm's marginal \cost (MC) is ₦20, what is the profit-maximizing quantity of the product?

Answer Options

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

About This Question

This is Post Utme Elizade University 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

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