Post Utme Summit University 2022 Economics Question 38

Practice objective / multiple choice question 38 from the 2022 Post Utme Summit University Economics examination.

Post Utme Summit University 2022 Economics Objective / Multiple Choice
Question 38 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The monopolist's marginal \cost curve is MC = 10. What is the monopolist's profit-maximizing price?

Answer Options

A. ₦50
B. ₦60
Correct Answer C. ₦70
D. ₦80
Correct Answer
C
Correct Option:
₦70

About This Question

This is Post Utme Summit University 2022 Economics Question 38. It is one of the objective questions from the 2022 Post Utme Summit University Economics examination.

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