Post Utme Unn 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Unn Economics examination.

Post Utme Unn 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNN • 2022 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2Q. The firm's marginal \cost is cons\tant at ₦20 per unit. If the firm produces 20 units, what is the profit-maximizing price?

Answer Options

A. ₦80
B. ₦90
Correct Answer C. ₦100
D. ₦110
Correct Answer
C
Correct Option:
₦100

About This Question

This is Post Utme Unn 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.

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