Post Utme Osustech 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice

Question 18 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 18. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

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