Post Utme Unn 2024 Economics Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 29 POST_UTME_UNN • 2024 • ECONOMICS • objective

A monopolist faces a demand curve given by \( P = 100 - 2Q \). If the firm's marginal \cost is $20, what is the profit-maximizing quantity of the product?

Answer Options

A. \( Q = 20 \)
Correct Answer B. \( Q = 30 \)
C. \( Q = 40 \)
D. \( Q = 50 \)
Correct Answer
B
Correct Option:
\( Q = 30 \)

About This Question

This is Post Utme Unn 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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