Post Utme Madonna University 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the firm's marginal revenue is ₦50, what is the price at which the firm will produce 60 units?

Answer Options

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

About This Question

This is Post Utme Madonna University 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.

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