Post Utme Uniosun 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2020 Economics Objective / Multiple Choice

Question 31 POST_UTME_UNIOSUN • 2020 • ECONOMICS • objective

A monopolist faces a market demand curve with the following equation: Qd = 100 - 2P. The monopolist's marginal \cost curve is MC = 10. What is the profit-maximizing price and quantity?

Answer Options

Correct Answer A. P = 40, Q = 20

B. P = 30, Q = 30

C. P = 20, Q = 40

D. P = 10, Q = 50

Correct Answer

Correct Option:

P = 40, Q = 20

About This Question

This is Post Utme Uniosun 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.

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