Post Utme Joseph Ayo Babalola University 2024 Economics Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2024 Economics Objective / Multiple Choice

Question 15 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: Qd = 100 - 2P. If the firm's marginal \cost is ₦20, what is the 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 = ₦10, Q = 60

Correct Answer

Correct Option:

P = ₦40, Q = 30

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.

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