Post Utme Aaua 2023 Economics Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 38 POST_UTME_AAUA • 2023 • ECONOMICS • objective

A monopolist faces a demand curve given by P = 100 - 2q and a \cost function given by C(q) = 20q + 100. Find the profit-maximizing quantity of 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 Aaua 2023 Economics Question 38. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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