Post Utme Uniosun 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNIOSUN • 2018 • ECONOMICS • objective

A monopolist faces a demand curve given by \( Q = 100 - 2P \) and a \cost function \( C = 20 + 5Q \). If the firm's profit-maximizing output is 40 units, what is the price at which it will sell?

Answer Options

A. ₦20
Correct Answer B. ₦40
C. ₦60
D. ₦80
Correct Answer
B
Correct Option:
₦40

About This Question

This is Post Utme Uniosun 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.

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