Post Utme Futo 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice
Question 14 POST_UTME_FUTO • 2018 • ECONOMICS • objective

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

Answer Options

A. ₦50, 50 units
Correct Answer B. ₦25, 75 units
C. ₦75, 25 units
D. ₦100, 0 units
Correct Answer
B
Correct Option:
₦25, 75 units

About This Question

This is Post Utme Futo 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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