Post Utme Uniben 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Uniben Economics examination.

Post Utme Uniben 2023 Economics Objective / Multiple Choice
Question 22 POST_UTME_UNIBEN • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The firm's marginal \cost is MC = 5. What is the monopolist's optimal price?

Answer Options

A. P = 40
Correct Answer B. P = 45
C. P = 50
D. P = 55
Correct Answer
B
Correct Option:
P = 45

About This Question

This is Post Utme Uniben 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Uniben Economics examination.

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