Post Utme Lead City University 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the marginal \cost is cons\tant at ₦10, what is the optimal price and quantity?

Answer Options

A. ₦50, 50 units
Correct Answer B. ₦60, 40 units
C. ₦70, 30 units
D. ₦80, 20 units
Correct Answer
B
Correct Option:
₦60, 40 units

About This Question

This is Post Utme Lead City University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

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