Post Utme Unilorin 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2023 Economics Objective / Multiple Choice

Question 23 POST_UTME_UNILORIN • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by Q = 100 - 2P. The firm's marginal \cost is ₦50. What is the optimal price and quantity?

Answer Options

A. P = ₦50, Q = 50

Correct Answer B. P = ₦75, Q = 25

C. P = ₦100, Q = 0

D. P = ₦25, Q = 75

Correct Answer

Correct Option:

P = ₦75, Q = 25

About This Question

This is Post Utme Unilorin 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.

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