Post Utme Uniosun 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_UNIOSUN • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by \( P = 100 - 2Q \). The marginal \cost (MC) is cons\tant at ₦50. If the firm produces 20 units, what is the consumer surplus (CS)?

Answer Options

A. ₦1000
Correct Answer B. ₦1500
C. ₦2000
D. ₦2500
Correct Answer
B
Correct Option:
₦1500

About This Question

This is Post Utme Uniosun 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Uniosun Economics examination.

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