Post Utme Joseph Ayo Babalola University 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.

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

Question 20 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A monopoly firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is MC = ₦50, calculate the firm's optimal price and quantity.

Answer Options

A. P = ₦40, Q = 60

B. P = ₦30, Q = 70

Correct Answer C. P = ₦20, Q = 80

D. P = ₦10, Q = 90

Correct Answer

Correct Option:

P = ₦20, Q = 80

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Economics examination.

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