Post Utme Summit University 2023 Economics Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Summit University Economics examination.

Post Utme Summit University 2023 Economics Objective / Multiple Choice
Question 24 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2Q. The monopolist's marginal \cost is 20. What is the profit-maximizing quantity?

Answer Options

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

About This Question

This is Post Utme Summit University 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Summit University Economics examination.

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