Post Utme Mountain Top University 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2017 Economics Objective / Multiple Choice

Question 2 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: Q = 100 - 2P. If the monopolist's marginal \cost is cons\tant at 10, what is the optimal price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 30

B. P = 50, Q = 25

C. P = 60, Q = 20

D. P = 70, Q = 15

Correct Answer

Correct Option:

P = 40, Q = 30

About This Question

This is Post Utme Mountain Top University 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Mountain Top University Economics examination.

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