Post Utme Lasu 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice
Question 23 POST_UTME_LASU • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by \( Q = 100 - 2P \). If the firm's marginal \cost is \( MC = 10 \), what is the monopolist's optimal price?

Answer Options

A. P = 40
Correct Answer B. P = 50
C. P = 60
D. P = 70
Correct Answer
B
Correct Option:
P = 50

About This Question

This is Post Utme Lasu 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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