Post Utme Lautech 2020 Economics Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Lautech Economics examination.

Post Utme Lautech 2020 Economics Objective / Multiple Choice
Question 6 POST_UTME_LAUTECH • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal \cost is MC = 10. What is the profit-maximizing price?

Answer Options

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

About This Question

This is Post Utme Lautech 2020 Economics Question 6. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.

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