Post Utme Futo 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Futo Economics examination.

Post Utme Futo 2018 Economics Objective / Multiple Choice
Question 32 POST_UTME_FUTO • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The firm's marginal \cost (MC) is ₦20 per unit. If the firm is currently producing 50 units, what is the optimal price to charge?

Answer Options

A. ₦40
B. ₦50
Correct Answer C. ₦60
D. ₦70
Correct Answer
C
Correct Option:
₦60

About This Question

This is Post Utme Futo 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.

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