Post Utme Rhema University 2019 Economics Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice
Question 5 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A monopolist faces a demand curve given by the equation \( Q = 100 - 2P \). If the firm produces 20 units, what is the price per unit?

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 Rhema University 2019 Economics Question 5. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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