Post Utme Unilag 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Unilag Economics examination.

Post Utme Unilag 2022 Economics Objective / Multiple Choice
Question 27 POST_UTME_UNILAG • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2Q. The firm's marginal \cost is MC = 20. Find the profit-maximizing quantity and price.

Answer Options

A. 20, 80
Correct Answer B. 30, 70
C. 40, 60
D. 50, 50
Correct Answer
B
Correct Option:
30, 70

About This Question

This is Post Utme Unilag 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Unilag Economics examination.

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