Post Utme Rsu 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Rsu Economics examination.

Post Utme Rsu 2021 Economics Objective / Multiple Choice
Question 29 POST_UTME_RSU • 2021 • ECONOMICS • objective

A monopolist in Nigeria produces a product with a marginal \cost of ₦50 and a marginal revenue of ₦100. If the demand curve is perfectly inelastic, what is the optimal quantity to produce?

Answer Options

A. 10
B. 20
Correct Answer C. 30
D. 40
Correct Answer
C
Correct Option:
30

About This Question

This is Post Utme Rsu 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Rsu Economics examination.

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