Post Utme Madonna University 2020 Economics Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2020 Economics Objective / Multiple Choice

Question 13 POST_UTME_MADONNA_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

Correct Answer A. P = 40, Q = 60

B. P = 50, Q = 50

C. P = 60, Q = 40

D. P = 70, Q = 30

Correct Answer

Correct Option:

P = 40, Q = 60

About This Question

This is Post Utme Madonna University 2020 Economics Question 13. It is one of the objective questions from the 2020 Post Utme Madonna University Economics examination.

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