Post Utme Pan Atlantic University 2024 Economics Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2024 Economics Objective / Multiple Choice
Question 26 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the monopolist's marginal \cost is MC = 10, what is the optimal price and quantity to maximize profits?

Answer Options

A. P = 40, Q = 60
B. P = 30, Q = 70
Correct Answer C. P = 50, Q = 50
D. P = 20, Q = 80
Correct Answer
C
Correct Option:
P = 50, Q = 50

About This Question

This is Post Utme Pan Atlantic University 2024 Economics Question 26. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Economics examination.

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