Post Utme Noun 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice
Question 18 POST_UTME_NOUN • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is MC = 10 + 2Q, what is the profit-maximizing price?

Answer Options

A. ₦50
Correct Answer B. ₦60
C. ₦70
D. ₦80
Correct Answer
B
Correct Option:
₦60

About This Question

This is Post Utme Noun 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

View More Post Utme Noun 2023 Economics Questions More Post Utme Noun 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