Post Utme Wellspring University 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ECONOMICS • objective

A monopoly firm faces a demand curve given by p = 100 - 2x. If the firm's marginal \cost is MC(x) = 10 + 2x, what is the firm's optimal output?

Answer Options

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

About This Question

This is Post Utme Wellspring University 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support