Post Utme Aaua 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice

Question 2 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A monopolist faces a market demand curve given by Qd = 100 - 2P and a \cost function C(Q) = 10Q + 100. U\sing the first-order condition for profit maximization, find the monopolist's optimal price and quantity.

A. P = 50, Q = 25

Correct Answer B. P = 75, Q = 20

C. P = 60, Q = 30

D. P = 40, Q = 40

Correct Answer

Correct Option:

P = 75, Q = 20

This is Post Utme Aaua 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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