Post Utme Redeemers University 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by p = 100 - 2q. If the firm's marginal \cost is MC(q) = 10, what is the profit-maximizing level of output?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Redeemers University 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Redeemers University Economics examination.

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