Post Utme Osustech 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice

Question 18 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: Q = 100 - 2P. If the firm's marginal \cost curve is MC = 10, what is the profit-maximizing 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 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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