Post Utme Elizade University 2023 Economics Question 42

Practice objective / multiple choice question 42 from the 2023 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2023 Economics Objective / Multiple Choice
Question 42 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

A. ₦40
B. ₦50
Correct Answer C. ₦60
D. ₦70
Correct Answer
C
Correct Option:
₦60

About This Question

This is Post Utme Elizade University 2023 Economics Question 42. It is one of the objective questions from the 2023 Post Utme Elizade University 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