Post Utme Osustech 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Osustech Economics examination.

Post Utme Osustech 2021 Economics Objective / Multiple Choice
Question 20 POST_UTME_OSUSTECH • 2021 • ECONOMICS • objective

A firm is operating in a monopoly market. If the firm's demand curve is given by Q = 100 - 2P and the firm's marginal \cost (MC) is ₦10, what is the firm's optimal price?

Answer Options

Correct Answer A. ₦40
B. ₦50
C. ₦60
D. ₦70
Correct Answer
A
Correct Option:
₦40

About This Question

This is Post Utme Osustech 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.

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