Post Utme Veritas University 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2018 Economics Objective / Multiple Choice
Question 37 POST_UTME_VERITAS_UNIVERSITY • 2018 • ECONOMICS • objective

A monopolist faces a market demand curve given by Qd = 100 - 2P and a \cost function C(Q) = 10Q + 100. If the firm produces 20 units, what is the profit-maximizing price?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Veritas University 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Veritas University Economics examination.

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