Post Utme Lautech 2018 Economics Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice
Question 5 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

A firm operates in a monopoly market. If the firm's demand function is given by Q = 100 - 2P and the firm's marginal \cost is $10, what is the firm's profit-maximizing price?

Answer Options

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

About This Question

This is Post Utme Lautech 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.

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