Post Utme Esut 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 2 POST_UTME_ESUT • 2017 • ECONOMICS • objective

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

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 Esut 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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