Post Utme Madonna University 2019 Economics Question 9

Practice objective / multiple choice question 9 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice
Question 9 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is a pure monopolist in a market. If the firm's demand function is given by Q = 100 - 2P and the firm's marginal \cost function is given by MC = 10, what is the firm's optimal price?

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

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