Post Utme Rhema University 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2023 Economics Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. If the monopolist's marginal \cost is ₦50 per unit, what is the profit-maximizing price?

Answer Options

A. ₦50
Correct Answer B. ₦75
C. ₦100
D. ₦125
Correct Answer
B
Correct Option:
₦75

About This Question

This is Post Utme Rhema University 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.

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