Post Utme Mountain Top University 2019 Economics Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2019 Economics Objective / Multiple Choice

Question 25 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • ECONOMICS • objective

A firm operating in a monopoly market faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is cons\tant at ₦20, what is the optimal price and quantity to produce?

Answer Options

A. P = ₦40, Q = 30

Correct Answer B. P = ₦30, Q = 40

C. P = ₦20, Q = 50

D. P = ₦10, Q = 60

Correct Answer

Correct Option:

P = ₦30, Q = 40

About This Question

This is Post Utme Mountain Top University 2019 Economics Question 25. It is one of the objective questions from the 2019 Post Utme Mountain Top University Economics examination.

View More Post Utme Mountain Top University 2019 Economics Questions More Post Utme Mountain Top University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support