Post Utme Unn 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Unn Economics examination.

Post Utme Unn 2025 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNN • 2025 • ECONOMICS • objective

A monopolistically competitive firm faces a demand curve given by Q = 100 - 2P. If the firm's marginal \cost is MC = 10, what is the optimal price and quantity that the firm should produce?

Answer Options

A. P = ₦50, Q = 50 units
Correct Answer B. P = ₦40, Q = 60 units
C. P = ₦30, Q = 70 units
D. P = ₦20, Q = 80 units
Correct Answer
B
Correct Option:
P = ₦40, Q = 60 units

About This Question

This is Post Utme Unn 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Unn Economics examination.

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