Post Utme Futa 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Futa Economics examination.

Post Utme Futa 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_FUTA • 2019 • ECONOMICS • objective

A monopolist has a demand curve given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the monopolist's marginal \cost is 10, what is the optimal price and quantity?

Answer Options

Correct Answer A. P = 20, Q = 40
B. P = 25, Q = 50
C. P = 30, Q = 60
D. P = 35, Q = 70
Correct Answer
A
Correct Option:
P = 20, Q = 40

About This Question

This is Post Utme Futa 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Futa Economics examination.

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