Post Utme Esut 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Esut Economics examination.

Post Utme Esut 2024 Economics Objective / Multiple Choice
Question 14 POST_UTME_ESUT • 2024 • ECONOMICS • objective

A firm is operating in a monopoly market. If the firm's demand curve is given by Q = 100 - 2P and the firm's marginal \cost is $8, what is the firm's profit-maximizing price?

Answer Options

A. $4
B. $6
Correct Answer C. $8
D. $10
Correct Answer
C
Correct Option:
$8

About This Question

This is Post Utme Esut 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Esut 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