Post Utme Igbinedion University 2022 Economics Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2022 Economics Objective / Multiple Choice
Question 5 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist is producing a product with a marginal revenue (MR) of ₦100 and a marginal \cost (MC) of ₦80. What is the profit-maximizing quantity?

Answer Options

A. 10 units
Correct Answer B. 20 units
C. 30 units
D. 40 units
Correct Answer
B
Correct Option:
20 units

About This Question

This is Post Utme Igbinedion University 2022 Economics Question 5. It is one of the objective questions from the 2022 Post Utme Igbinedion University Economics examination.

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