Post Utme Unilag 2019 Economics Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Unilag Economics examination.

Post Utme Unilag 2019 Economics Objective / Multiple Choice
Question 7 POST_UTME_UNILAG • 2019 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Unilag 2019 Economics Question 7. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.

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