Post Utme Oau 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Oau Economics examination.

Post Utme Oau 2022 Economics Objective / Multiple Choice

Question 32 POST_UTME_OAU • 2022 • ECONOMICS • objective

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

A. P = 40, Q = 30

Correct Answer B. P = 50, Q = 25

C. P = 60, Q = 20

D. P = 70, Q = 15

Correct Answer

Correct Option:

P = 50, Q = 25

This is Post Utme Oau 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Oau Economics examination.

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