Post Utme Ims U 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice
Question 17 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal \cost curve is MC = 10. What is the monopolist's optimal price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 30
B. P = 30, Q = 40
C. P = 20, Q = 50
D. P = 50, Q = 20
Correct Answer
A
Correct Option:
P = 40, Q = 30

About This Question

This is Post Utme Ims U 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

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