Post Utme Oau 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Oau Economics examination.

Post Utme Oau 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_OAU • 2022 • ECONOMICS • objective

A firm is a pure monopolist with a demand function given by Q = 100 - 2P. If the firm's marginal \cost is 10, find the firm's optimal price and quantity.

Answer Options

Correct Answer A. P = 40, Q = 30
B. P = 30, Q = 40
C. P = 20, Q = 50
D. P = 50, Q = 20
Correct Answer
A
Correct Option:
P = 40, Q = 30

About This Question

This is Post Utme Oau 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Oau Economics examination.

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