Post Utme Ksu 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_KSU • 2021 • ECONOMICS • objective

A monopolist is facing a demand curve given by D(p) = 100 - 2p. The monopolist's \cost function is C(q) = 10q. What is the monopolist's profit-maximizing price?

Answer Options

A. p = 20
Correct Answer B. p = 30
C. p = 40
D. p = 50
Correct Answer
B
Correct Option:
p = 30

About This Question

This is Post Utme Ksu 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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