Post Utme Oau 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice

Question 7 POST_UTME_OAU • 2024 • ECONOMICS • objective

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

Correct Answer A. P = 40, Q = 30

B. P = 60, Q = 20

C. P = 80, Q = 10

D. P = 20, Q = 80

Correct Answer

Correct Option:

P = 40, Q = 30

This is Post Utme Oau 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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