Post Utme Igbinedion University 2022 Economics Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2022 Economics Objective / Multiple Choice
Question 15 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist faces a demand curve \( P = 100 - 2Q \) and a marginal \cost curve \( MC = 20 \). If the firm's current output is Q = 20, what is the firm's current price?

Answer Options

A. ₦60
Correct Answer B. ₦80
C. ₦100
D. ₦120
Correct Answer
B
Correct Option:
₦80

About This Question

This is Post Utme Igbinedion University 2022 Economics Question 15. It is one of the objective questions from the 2022 Post Utme Igbinedion University Economics examination.

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