Post Utme Greenfield University 2024 Economics Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2024 Economics Objective / Multiple Choice
Question 5 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by \( P = 100 - Q \). If the monopolist's marginal \cost curve is given by \( MC = 20 \), what is the monopolist's profit-maximizing quantity?

Answer Options

A. \( Q = 10 \)
B. \( Q = 20 \)
Correct Answer C. \( Q = 30 \)
D. \( Q = 40 \)
Correct Answer
C
Correct Option:
\( Q = 30 \)

About This Question

This is Post Utme Greenfield University 2024 Economics Question 5. It is one of the objective questions from the 2024 Post Utme Greenfield University Economics examination.

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