Post Utme Igbinedion University 2019 Economics Question 17

Practice objective / multiple choice question 17 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice

Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolistic firm in Nigeria has a demand curve given by Q = 100 - 2P. The firm's marginal \cost is MC = 10. What is the profit-maximizing price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 30

B. P = 50, Q = 20

C. P = 60, Q = 10

D. P = 70, Q = 5

Correct Answer

Correct Option:

P = 40, Q = 30

About This Question

This is Post Utme Igbinedion University 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

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