Post Utme Redeemers University 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 32 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by Qd = 100 - 2P and a marginal \cost curve given by MC = 10 + 2Q. If the firm produces 20 units of output, what is the price it will charge?

Answer Options

A. ₦50
B. ₦60
Correct Answer C. ₦70
D. ₦80
Correct Answer
C
Correct Option:
₦70

About This Question

This is Post Utme Redeemers University 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

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