Post Utme Uniport 2025 Economics Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Uniport Economics examination.

Post Utme Uniport 2025 Economics Objective / Multiple Choice

Question 14 POST_UTME_UNIPORT • 2025 • ECONOMICS • objective

A monopoly firm has a demand function given by Q = 100 - 2P. The firm's marginal \cost is given by MC = 5. What is the firm's optimal price and quantity?

Answer Options

A. P = 40, Q = 30

Correct Answer B. P = 50, Q = 25

C. P = 60, Q = 20

D. P = 70, Q = 15

Correct Answer

Correct Option:

P = 50, Q = 25

About This Question

This is Post Utme Uniport 2025 Economics Question 14. It is one of the objective questions from the 2025 Post Utme Uniport Economics examination.

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