Post Utme Rsu 2021 Economics Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Rsu Economics examination.

Post Utme Rsu 2021 Economics Objective / Multiple Choice
Question 24 POST_UTME_RSU • 2021 • ECONOMICS • objective

A firm operating under monopoly faces a demand curve that is given by Qd = 100 - 2P, where P is the price. If the firm's marginal \cost (MC) is cons\tant at ₦10, what is the firm's profit-maximizing price?

Answer Options

A. ₦40
Correct Answer B. ₦50
C. ₦60
D. ₦70
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Rsu 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Rsu Economics examination.

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