Post Utme Redeemers University 2017 Economics Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 29 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

A monopolist has a demand function given by Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the monopolist produces 20 units, what is the price?

Answer Options

A. 30
B. 40
Correct Answer C. 50
D. 60
Correct Answer
C
Correct Option:
50

About This Question

This is Post Utme Redeemers University 2017 Economics Question 29. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

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