Post Utme Madonna University 2024 Economics Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 24 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist's demand function is given by P(x) = 100 - 2x. If the monopolist's marginal \cost function is MC(x) = 10, find the monopolist's profit-maximizing level of output.

Answer Options

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

About This Question

This is Post Utme Madonna University 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

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