Post Utme Rhema University 2021 Economics Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2021 Economics Objective / Multiple Choice
Question 31 POST_UTME_RHEMA_UNIVERSITY • 2021 • ECONOMICS • objective

A monopolist faces a demand curve given by the equation Qd = 100 - 2P. If the firm's marginal \cost is 10, what is the value of P?

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 2021 Economics Question 31. It is one of the objective questions from the 2021 Post Utme Rhema University Economics examination.

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