Post Utme Osustech 2023 Economics Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice

Question 14 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

A firm is a pure monopolist in a market where the demand curve is given by Qd = 100 - 2P. The firm's marginal \cost (MC) is cons\tant at ₦10. What is the firm's optimal price and quantity?

Answer Options

Correct Answer A. P = ₦40, Q = 30

B. P = ₦50, Q = 25

C. P = ₦60, Q = 20

D. P = ₦70, Q = 15

Correct Answer

Correct Option:

P = ₦40, Q = 30

About This Question

This is Post Utme Osustech 2023 Economics Question 14. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

View More Post Utme Osustech 2023 Economics Questions More Post Utme Osustech 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