Post Utme Nile University 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Nile University Economics examination.

Post Utme Nile University 2018 Economics Objective / Multiple Choice

Question 19 POST_UTME_NILE_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolist's demand curve is given by \( Q = 100 - 2P \). If the monopolist's marginal \cost curve is given by \( MC = 10 \), what is the monopolist's optimal price and quantity?

Answer Options

A. \( P = 20, Q = 40 \)

B. \( P = 30, Q = 30 \)

Correct Answer C. \( P = 25, Q = 35 \)

D. \( P = 35, Q = 25 \)

Correct Answer

Correct Option:

\( P = 25, Q = 35 \)

About This Question

This is Post Utme Nile University 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.

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