Post Utme Mountain Top University 2020 Economics Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2020 Economics Objective / Multiple Choice
Question 29 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolist produces a product with a marginal \cost of ₦10 and a marginal revenue of ₦20. What is the profit-maximizing quantity of the product?

Answer Options

A. 10 units
Correct Answer B. 20 units
C. 30 units
D. 40 units
Correct Answer
B
Correct Option:
20 units

About This Question

This is Post Utme Mountain Top University 2020 Economics Question 29. It is one of the objective questions from the 2020 Post Utme Mountain Top University Economics examination.

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