Post Utme Uniport 2022 Economics Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Uniport Economics examination.

Post Utme Uniport 2022 Economics Objective / Multiple Choice

Question 24 POST_UTME_UNIPORT • 2022 • ECONOMICS • objective

A firm is a monopolist in a market with the demand curve given by Q = 100 - 2P. If the firm's marginal \cost is cons\tant at ₦10, what will be the firm's optimal price and quantity?

Answer Options

A. P = ₦40, Q = 30

Correct Answer B. P = ₦30, Q = 40

C. P = ₦20, Q = 50

D. P = ₦50, Q = 20

Correct Answer

Correct Option:

P = ₦30, Q = 40

About This Question

This is Post Utme Uniport 2022 Economics Question 24. It is one of the objective questions from the 2022 Post Utme Uniport Economics examination.

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