Post Utme Nile University 2025 Economics Question 13

Practice objective / multiple choice question 13 from the 2025 Post Utme Nile University Economics examination.

Post Utme Nile University 2025 Economics Objective / Multiple Choice

Question 13 POST_UTME_NILE_UNIVERSITY • 2025 • ECONOMICS • objective

A monopolist's demand function is given by \( Q = 100 - 2P \). If the firm's marginal \cost is ₦20, find the optimal price and quantity u\sing the first-order condition.

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 Nile University 2025 Economics Question 13. It is one of the objective questions from the 2025 Post Utme Nile University Economics examination.

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