Post Utme Ui 2019 Economics Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Ui Economics examination.

Post Utme Ui 2019 Economics Objective / Multiple Choice
Question 15 POST_UTME_UI • 2019 • ECONOMICS • objective

A firm is operating in a monopoly market. If the market demand curve is given by Q = 100 - 2P, and the firm's marginal \cost is $8, what is the firm's profit-maximizing price?

Answer Options

A. $20
Correct Answer B. $30
C. $40
D. $50
Correct Answer
B
Correct Option:
$30

About This Question

This is Post Utme Ui 2019 Economics Question 15. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.

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