Post Utme Redeemers University 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist is producing a good with a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is ₦20, what is the firm's optimal price?

Answer Options

A. ₦40
B. ₦50
Correct Answer C. ₦60
D. ₦70
Correct Answer
C
Correct Option:
₦60

About This Question

This is Post Utme Redeemers University 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

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