Post Utme Pan Atlantic University 2020 Economics Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice

Question 9 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is 10, find the optimal price and quantity.

Answer Options

A. P = 40, Q = 30

Correct Answer B. P = 50, Q = 25

C. P = 60, Q = 20

D. P = 70, Q = 15

Correct Answer

Correct Option:

P = 50, Q = 25

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 9. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

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