Post Utme Madonna University 2018 Economics Question 5

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

Post Utme Madonna University 2018 Economics Objective / Multiple Choice

Question 5 POST_UTME_MADONNA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm is a pure monopolist with a demand curve \( P = 100 - 2Q \) and a marginal \cost curve \( MC = 20 \). Find the firm's profit-maximizing quantity and price.

Answer Options

A. Q = 20, P = ₦80

Correct Answer B. Q = 30, P = ₦70

C. Q = 40, P = ₦60

D. Q = 50, P = ₦50

Correct Answer

Correct Option:

Q = 30, P = ₦70

About This Question

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

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