Post Utme Uniport 2025 Economics Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Uniport Economics examination.

Post Utme Uniport 2025 Economics Objective / Multiple Choice

Question 29 POST_UTME_UNIPORT • 2025 • ECONOMICS • objective

A monopolist faces a demand curve with the following equation: Qd = 100 - 2P. If the firm's marginal \cost (MC) is cons\tant at ₦10, what is the optimal price (P) and quantity (Q) that the firm should produce?

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 2025 Economics Question 29. It is one of the objective questions from the 2025 Post Utme Uniport Economics examination.

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