Post Utme Noun 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Noun Economics examination.

Post Utme Noun 2019 Economics Objective / Multiple Choice
Question 33 POST_UTME_NOUN • 2019 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: Qd = 100 - 2P. The monopolist's marginal \cost is $10. What is the profit-maximizing price and quantity?

Answer Options

A. Price = $20, Quantity = 40 units
Correct Answer B. Price = $30, Quantity = 60 units
C. Price = $40, Quantity = 80 units
D. Price = $50, Quantity = 100 units
Correct Answer
B
Correct Option:
Price = $30, Quantity = 60 units

About This Question

This is Post Utme Noun 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.

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