Post Utme Unilorin 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2019 Economics Objective / Multiple Choice
Question 38 POST_UTME_UNILORIN • 2019 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Unilorin 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Unilorin Economics examination.

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