Post Utme Futa 2024 Economics Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice

Question 38 POST_UTME_FUTA • 2024 • ECONOMICS • objective

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

Correct Answer A. P = 40, Q = 30

B. P = 50, Q = 25

C. P = 60, Q = 20

D. P = 70, Q = 15

Correct Answer

Correct Option:

P = 40, Q = 30

This is Post Utme Futa 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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