Post Utme Pan Atlantic University 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2019 Economics Objective / Multiple Choice

Question 37 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal \cost is ₦20 per unit. What is the profit-maximizing price and quantity?

Answer Options

A. P = ₦40, Q = 60

Correct Answer B. P = ₦30, Q = 70

C. P = ₦20, Q = 80

D. P = ₦10, Q = 90

Correct Answer

Correct Option:

P = ₦30, Q = 70

About This Question

This is Post Utme Pan Atlantic University 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Economics examination.

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