Post Utme Ui 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Ui Economics examination.

Post Utme Ui 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_UI • 2024 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Ui 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Ui Economics examination.

View More Post Utme Ui 2024 Economics Questions More Post Utme Ui Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support