Post Utme Greenfield University 2023 Economics Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2023 Economics Objective / Multiple Choice
Question 33 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the marginal \cost (MC) is $5, what is the profit-maximizing price?

Answer Options

A. $45
Correct Answer B. $50
C. $55
D. $60
Correct Answer
B
Correct Option:
$50

About This Question

This is Post Utme Greenfield University 2023 Economics Question 33. It is one of the objective questions from the 2023 Post Utme Greenfield University Economics examination.

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